Real estate agent handing house keys to buyer at closing

Arizona Real Estate Closing: What Buyers Need to Know

Buying a home in Arizona is one of the biggest investments you’ll make. But if you’ve never gone through a real estate closing before, the process can feel overwhelming. Between title searches, escrow accounts, and mountains of paperwork, it’s easy to get lost in the details. Understanding what happens during closing—and why it matters—puts you…

Downtown Phoenix Arizona skyline

Arizona Homestead Now Protects $400,000 of Home Equity

A homestead protects the equity in a person’s qualified property from attachment, execution and forced sale by creditors. The Arizona homestead exemption is governed by A.R.S. § 33-1101, which lays out the types of properties that qualify as homesteads, as well as the requirements for establishing a homestead exemption. The statute provides that any person…

Downtown Phoenix Arizona skyline

Arizona Foreclosure & Deficiency Judgments Explained

A.R.S. 33-814, Arizona’s residential anti-deficiency statute, generally prohibits a deficiency judgment against a borrower for a loan secured by the borrower’s personal residence if the property is two-and-a-half acres or less and is used for a single one-family or two-family dwelling. In pertinent part, the statute provides that…