Foreclosure in Green Valley>Question Details

Ebcmike3, Home Owner in Green Valley, AZ

Can I be sued on the note if my green valley house is forclosed on???

Asked by Ebcmike3, Green Valley, AZ Wed May 11, 2011

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There are so many factors that can determine the answer, that it would be impossible to say without more information. In Arizona, typically a first note is wiped out through the foreclosure process, however I would absolutely consult with an attorney that can advise you of the best way to proceed in your situation. You may even want to consult with a bankruptcy attorney in case that may present a good option for your situation. And if you were considering a short sale, I would also consult with a tax advisor to understand the ins and outs of whether that is a good option for you as well. I hope that helps and best of luck to you!
0 votes Thank Flag Link Thu May 12, 2011
In the USA you can be sued for anything. Your liability is greater when you choose to not pay your mortgage or other bills. Seek Attorney advice.
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0 votes Thank Flag Link Wed May 11, 2011
Maybe, Depends upon the type of note signed. You should check with an attorney
0 votes Thank Flag Link Wed May 11, 2011
That all depends on the type of note, wheteher or not it was purchase money financing, and a few other legal questions. This is a real estate forum, not a legal forum, so I would HIGHLY recommend that you immediately consult with an attorney.
0 votes Thank Flag Link Wed May 11, 2011
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