We have included some samples of foreclosure letters, as well as some examples of house loan foreclosure letter formats, to make things easier. Learn how the Arizona foreclosure process works, including preforeclosure steps, state foreclosure laws, and homeowner rights.You need to write the Foreclosure letter to the branch manager. Also, make sure you state the reason for foreclosure very clear and concise. Learn how foreclosures work in Arizona. A Checklist outlining important steps to consider when preparing for and conducting nonjudicial and judicial foreclosures of. Learn how foreclosures work in Arizona. Rather than lend directly to homeowners, they purchase mortgages from the original lenders and other buyers. This is a final warning before the mortgage company begins to foreclose on a borrower's property. It's a voluntary transfer of property to the lender.