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How does Arizona handle foreclosures?



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The foreclosure process period in AZ is usually 90+ days with a redemption period of 30-180 days for the borrower. A court foreclosure begins went the lender files a pending lawsuit for foreclosure with the court. The borrower is notified and if they take no action, the property will be ordered to be put on the market. The sale is conducted about 45 days later.

Residential foreclosures are typically non-judicial foreclosures. The earliest a sale can take place is 90 days after the recording of the Notice of Trustee Sale.

The lender does not file any sort of suit in this process. Five days after the notice is recorded a certified mailing of a copy of the notice is sent to the trustor/owner. There is also a mailing 30 days after the notice is recorded that is sent to all parties of record that have an interest in the property. Additionally, a copy of the notice must be posted on the property no later than 20 days prior to the date of sale. The notice is also published in a paper of general circulation in the county where the property is located for 4 consecutive weeks. If the trustor does not reinstate the loan a trustee sale will be conducted on the date shown on the original recorded notice of sale. After the trustee sale is completed there is no redemption period.