Most property foreclosures in Arizona begin when a lender files a Notice of Sale with the county. The lender then follows the public notice and sale procedures set forth in the loan document or by state law, if the loan document is silent as to the details of a foreclosure sale.
A judicial foreclosure, where the lender sues the borrower in court in order to obtain a foreclosure, is permissible in Arizona but rarely occurs.
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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.