I don't want to leave my home that I just purchased 7 months ago. I am listing all my options to try the best first and go down the line exhausting each one and foreclosure is the very last option that I would ever feel the need to use. I am currently looking into ways to restructure my loan, cash-out my stock, call in debts owed me, I even grabbed a part time job. My question is if I were to have to foreclose and my home was sold at an auction for less than the amount I owed the lender, by Arizona Law is it true that if the property is under 2.5 acres that I am not responisble for the difference in the loan amount?
Arizona Foreclosure?
It was true that banks could come after you personally for the difference, but recent law changes protect you from that, of course your credit will be seriously damaged by a foreclosure. So your answer is yes it is true that you will not be responsible for the difference.
Arizona Foreclosure?
you may refer your queries in this website. they have helped thousands save their home from foreclosure with their proven system and expertise. they claim they can negotiate with your lender to stop your foreclosure.
Arizona Foreclosure?
I was once in your situation. Don't worry, everything will work out for you =)
A year ago I found this organization that gives people up to $1500 in renter or mortagage assistance! They operate in most US cities, I highly suggest you try to get some of this money.
http://www.help-with-rent-mortgage.org
Good Luck!
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