Arizona’s Anti-Deficiency Law And How It May Affect You

Hello everyone, this is Kelly Cook with the Cook & Associates Real Estate Advisors, your :k1: short sale specialist. If you are struggling to pay your mortgage or are tired of being underwater on your home, we have the answers you are looking for. To get more information about our company, alternatives to foreclosure and short sale resources, please check out our website. We can be found online at Today the topic we are addressing is Arizona’s anti-deficiency statute.

This is a topic that gets a lot of buzz because it does provide additional protection in a foreclosure or short sale situation. It’s important, too, because Arizona is only one of fourteen states that have some sort of anti-deficiency exemption when there is a potential foreclosure or short sale. Another aspect of the Arizona anti-deficiency statute that is commonly misunderstood, not only by people, but by the banks as well, is the fact that it also protects investors and investment properties. A lot of banks think that if it’s an investment property, the statute doesn’t apply and this is not the case. Several years ago, the state government tried to get it passed through the legislature to not have the anti-deficiency statute cover investors, but they were not successful in getting it passed.

This anti-deficiency statute does go much more in depth and we’d love to discuss this with you further on a case-by-case basis. Please feel free to contact us on our website under the “Contact Us” tab, email us directly at, or give us a call at 480-227-2028 to schedule your free consultation. At Cook & Associates Real Estate Advisors, we can assist you with all of your short sale needs and provide you with the resources and information to keep you current on the short sale world. If you are looking to avoid foreclosure by short selling your home, please contact us today.