Arizona Anti-Deficiency Protection, Short Sales and Foreclosure
If a borrower enters into a short sale agreement but the lender does not agree
to waive its right to pursue a deficiency resulting from the sale, the borrower
has lost the anti-deficiency protection available in foreclosure.
Arizona Exemptions from Collection
State law provides statutory exemptions that protect certain types of assets
from creditors and judgment creditors.
Bankruptcy Alternatives and Pre-Bankruptcy Planning
Not everyone who cannot pay their debts should file bankruptcy. Alternatives to
bankruptcy may be more beneficial.
Dealing with Creditors
To help you create your own strategies for economic
recovery, master your one-on-one tactics in dealing with a lender or creditor.
Debt Modification Strategies
If you are considering a loan modification (also known as
"loan workout," "debt reformation" or "debt reconciliation") you generally must
decide which is more important to you: maintaining your good credit rating or
re-working your debt.
Deeds in Lieu of Foreclosure in Arizona
An Arizona borrower considering a deed in lieu of
foreclosure should review all documentation associated with the loan and the
lender’s offer and consider the legal concepts at work.
Fraudulent Conveyance 101
Transferring assets to a third party for safe keeping can
have consequences that are far more serious than the financial stress that
prompted the transfer in the first place.
Secured Assets: Debt Negotiation and Judgment Protection
One of your main objectives before trying to negotiate a
loan modification is to make yourself judgment-proof.
Uncle Sam: Your Worst Creditor
Unlike all other creditors, federal and state tax
authorities can assess penalties on top of the interest that accrues on overdue