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The recent passage of the Arizona Medical Marijuana Act means that medical marijuana dispensaries-a budding industry which will ultimately total about126 under the law’s guidelines-will soon sprout on the landscape, along with an as yet-undetermined number of sites for the legal cultivation of the marijuana plant. Just because medical marijuana […]
Author: Christopher M. McNichol
1. Is a Borrower Personally Liable After Foreclosure? A borrower is generally personally liable to the lender for a loan including the shortfall, or “deficiency,” created when the unpaid loan balance is more than the bid price/value of the property at a foreclosure auction. However, Arizona has statutory exceptions-commonly called […]
Prologue: This summer, the state legislature grappled with changing Arizona’s anti-deficiency law, which protects homeowners who lose their homes in foreclosure from paying a “deficiency” on the property. A “deficiency” is the difference between the secured debt and the greater of the sale price or the home’s fair market value. […]
Real Results, Valued Relationships,
and Earned Reputation.
The Story of Gust Rosenfeld
