
Borrowers on Vacant Lots Beware
Posted March 11, 2015 MC Attorneys
The recent Great Recession continues to produce decisions by Arizona courts. In January, the Arizona Supreme Court held that Arizona’s anti-deficiency statute does not protect borrowers that default if the home was never built. In BMO Harris Bank v. Wildwood Creek Ranch, LLC, the Court held that protections under ARS § 33-814(G) against deficiency judgments… Read more