AZ Construction Loans and Anti-Deficiency Rulings

homeowner in the spotlight
Photo Credit: jay-chilli via Compfight cc

 

 

 

 

 

 

AZ Construction Loans and Anti-Deficiency Rulings

Arizona homeowners have some protection when it comes to Construction Loans.  According to a release by Jaburg & Wilk, "Arizona homeowners, for the most part, are protected from their home mortgage lenders attaching other assets such as the cash in the bank, vehicles and jewelry following a foreclosure or trustee sale of their home".

This is good news for homeowners who run into issues during the construction process.