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Arizona Foreclosure Questions & Answers
1 Answer | Asked in Foreclosure for Arizona on
Q: What is the redemption time period for a foreclosed home sold in Arizona
Diane L. Drain
Diane L. Drain
answered on Jun 16, 2018

First, you want to make sure you are asking the correct question. In Arizona typically a home is sold via a trustee's sale, not a foreclosure. In that case there is no redemption period, but there is a reinstatement period. If the house is sold by a sheriff, after a judicial foreclosure,... View More

1 Answer | Asked in Foreclosure for Arizona on
Q: What happens to the funds in a foreclosure ?

I was added to a property title long before it went into foreclosure and wonder what happened to the excess funds

Diane L. Drain
Diane L. Drain
answered on Apr 9, 2018

Any excess sale funds are deposited with the Treasurer's Office and a complaint filed in the county where the property is located.

I hope this is helpful.

1 Answer | Asked in Foreclosure and Landlord - Tenant for Arizona on
Q: If the house I'm renting is about to be auctioned off to the public, do I have any legal standing to fight it?
Adam Studnicki
Adam Studnicki
answered on Feb 21, 2016

More info is needed. Talk to a real estate or tenant's rights lawyer ASAP.

Please Take Notice: I am not your lawyer unless we enter into an engagement agreement in writing. This is only general information. It is NOT legal advice, and it may not work for your specific situation. It is...
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1 Answer | Asked in Foreclosure for Arizona on
Q: My sister signed up with a company to help her out of foreclosure

My sister is facing foreclosure and signed up with a company to help her out of foreclosure by first saying they would fix her house and then they would split the profit. After they received all the bank information they said their wasn't enough equity to do the split arrangement so they... View More

Adam Studnicki
Adam Studnicki
answered on Feb 9, 2016

To advise about a written agreement, the document must first be reviewed.

Please Take Notice: I am not your lawyer unless we enter into an engagement agreement in writing. This is only general information. It is NOT legal advice, and it may not work for your specific situation. It is...
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1 Answer | Asked in Foreclosure for Arizona on
Q: Tried to get a short sale on rental property in Cottonwood AZ.

Rental property was used for parents of our foster child. They destroyed the property and we asked CITI for a short sale. I further spent over $2,000 to make the property presentable. Realtor had an offer for $30,000. CITI denied and asked for $34,000. Buyer refused. CITI foreclosed and it... View More

Adam Studnicki
Adam Studnicki
answered on Dec 19, 2015

Nor sure who you are looking to sue. You can talk to a real estate lawyer about your potential claims.

Please Take Notice: I am not your lawyer unless we enter into an engagement agreement in writing. This is only general information. It is NOT legal advice, and it may not work for your...
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1 Answer | Asked in Foreclosure for Arizona on
Q: Can a bank doing a short sale take the life ins I just got for my husbands death?
Adam Studnicki
Adam Studnicki
answered on Jul 19, 2015

It depends on a number of factors. Check with a local real estate or bankruptcy lawyer.

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