Learn how the Arizona foreclosure process works, including preforeclosure steps, state foreclosure laws, and homeowner rights. Learn how foreclosures work in Arizona.In this guide, I'll explain the process and timing for private mortgage lenders to complete a foreclosure in the state of Arizona. Will I Be Notified Before the Repossession? A demand letter is not statutorily required. The lender must, however, fulfill any contractual notice requirements included in the loan documents. The borrower will receive a Notice of Default, which means the lender will start the foreclosure process. A dealership will usually provide these last forms to fill out if you don't have them. A notice of sale may be the last step in a nonjudicial foreclosure process. Lenders consider short sales because moving a home into foreclosure can be costly for the lender.
