is arizona a no fault state, as far as a lender pursuing me if my property goes to foreclosure?
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- "Non-Recourse" means they can't come after you if it was your personal residence and the loan is the original loan that you used to purchase the property. If you took a 2nd loan or refinanced, they can come after you for any money they lose. I'm in Mesa. /
- No Fault is not the proper term. Arizona is in fact a "Non Recourse" state. Meaning they CANNOT come after you for the deficiency as long as there was no fraud committed to getting your mortgage. http://www.Welcome2Arizona.com
- There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first. Try http://www.speedyrealestate.info. Good luck!
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