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You can potentially file for bankruptcy or file a lawsuit against the foreclosing party (the "bank") to possibly stop the foreclosure entirely or at least delay it. If you have a bit more time on your hands, you can apply for a loan modification or another workout option.
Type of Foreclosure in Arizona The lender sends the borrower a notice to cure default letter, which gives the borrower a set number of days to pay the past due balance and make the mortgage current. If the borrower cannot comply, then the lender can go to court and seek a foreclosure summary.
Arizona lenders typically need between 90 and 120 days to foreclose on a property in a non judicial foreclosure process that is uncontested by the borrower.
Chapter 13 bankruptcy in Arizona: It is a common option to go for to stop foreclosure. ing to chapter 13 bankruptcy, you are given a payment plan of 3 or 5 years to catch up with the payment in arrears. The lenders will be given orders to stop going forward with the foreclosure process.
Answer: After a judicial foreclosure in Arizona, the debtor or his successors in interest ordinarily may redeem at any time at any time within six months after the date of the sale (A.R.S. 33-12-1282).