UPDATE ON ARIZONA’S ANTI-DEFICIENCY STATUTE

The Arizona legislature passed, and Governor Brewer signed into law on November 23, 2009, Senate Bill 1004 which returns Arizona’s trustee’s sale statute anti-deficiency clause to its form prior to passage of Senate Bill 1271.  The Bill includes a retroactivity clause, making the change retroactive to September 30, 2009, the day SB 1271 had gone [...]