Arizona Trustee Sales, Foreclosures and Short Sales

As an Arizona attorney I have been involved in thousands of Arizona trustee sales. Never do a short sale, deed in lieu of foreclosure, allow a trustee’s sale, or a foreclosure to go forward without first obtaining both legal and tax advice. You cannot undo serious mistakes once the process is completed. What is a trustee’s sale? A lender uses a trustee to collect the money they have invested in the property by selling the real property at a public auction.  If others bid at the auction then the lender is paid. If there are no bidders, then the lender becomes the owner of the property. Both the trustee sale and foreclosure processes are set by the statutes of the state where your property is located.  Not all states have the same law therefore it is very important for you to talk to an local attorney experienced in this area of law.  Do not rely on the Internet to provide accurate information because each person’s situation is unique and…

Read more detail on Recent Bankruptcy posts –

This entry was posted in Bankruptcy Law and tagged , , , , . Bookmark the permalink.

Leave a Reply