Are Vacant Lots Protected Under Arizona’s Anti-deficiency Statutes?
By: Ben Reeves No, of course not. Arizona’s anti-deficiency statutes only prohibit deficiency judgments after a trustee’s sale of a “dwelling”. Under no definition can a vacant lot constitute a “dwelling”. This was the Arizona Supreme Court’s holding in BMO v. Wildwood Creek Ranch, LLC. In BMO, Shawn and Kristina Rudgear (through their company Wildwood […]
| 3 min read | Tagged: A.R.S. 33-814, anti-deficiency, BMO v. Wildwood Creek, M&I v. Meuller, MidKansas v. Dynamic
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