Home>What are the steps the lender must take in order to sell your home?
What are the steps the lender must take in order to sell your home?
August 11, 2022
By Site Producer Attorney & Retired Law Professor
The process of a trustee’s sale or foreclosure in Arizona is governed by Arizona state statutes.
Typically, the lender (the person or corporation that provided you the money to buy your property or a company that subsequently takes over the mortgage) will issue a demand for payment. This is usually stipulated in the contract. If the lender delivers this notice by certified mail, you should be aware that even if you do not pick up the certified letter, the process of forcing the sale of your house might continue.
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