Finance

Under Arizona's anti-deficiency statutes, A.R.S. § 33-729, protection generally applies to:

Q: Under Arizona's anti-deficiency statutes, A.R.S. § 33-729, protection generally applies to:

Arizona's primary anti-deficiency statute (A.R.S. § 33-729) protects borrowers from deficiency judgments on purchase money mortgages for single-family dwellings on 2.5 acres or less. Refinance loans, HELOCs, and commercial loans typically do not receive this protection.

AAll mortgage loans regardless of property type or purpose

BPurchase money mortgages on single-family residences on 2.5 acres or less used as a dwelling✓ Correct

CCommercial real estate loans only

DRefinance loans and home equity lines of credit

Explanation

Arizona's primary anti-deficiency statute (A.R.

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Deed of Trust

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Earnest Money

A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.