Arizona law does allow the borrower a set amount of time after the foreclosure sale to redeem the property if the property foreclosure occurred through the judicial system and the property was not abandoned prior to the foreclosure. If those two criteria are met then the borrower has six months from the date of the foreclosure sale to pay all outstanding loan amounts, fees and costs and to redeem the property. However, if the foreclosure occurs out of court, a so called non judicial foreclosure, then the borrower does not have the right to redeem the property.
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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified foreclosure and alternatives lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local foreclosure and alternatives attorney to discuss your specific legal situation.