Posted on: 29th Oct, 2010 01:16 pm
I have a rental property in Arizona that might be foreclosed on. Would the anti defiency law protect me from the lender pursuing me for any defiency fees or does it only protect you if your primary residence is foreclosed?
As far as I know, anti-deficiency laws are effective in case of principal residence of a borrower. If your investment property is foreclosed, the lender does have the rights to sue you for the deficient balance resulting from the property sale.