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Trustee Sale in Arizona

Posted by Tracy on December 11, 2001 at 2:04 PM

I just received a letter from my old attorney who handle a recent custody/divorse issue that he is withdrawing from being my attorney because the property which is in the name of my exwife is being foreclosed on. My attorney was awarded attorney fees. The property had two mortgages on it after I received a judgement awarding me 30,000 as lien against and interest in real property. The judgement also stated that it shall constitute a priority lien and a writ of special execution for the sale of the subject property to satisfy the judgement. I don't have good credit. My questions are these...

1. Can I lose out on the judgement I have against my exwife by not bidding at the auction?

2. If I bid on the property would I need to have the money to pay for the two mortgages, expense of sale? Can I take over the mortgage payments? I was on the original mortgage. The second mortgage is doing the trustee sale.

3. This is in the state of Arizona. After the foreclosure happens will the tenants be required to move out right away?

4. Should I get a lawyer? How can they help you during this process?

5. Do I need to send something to the trustee telling them what the amount will be at the foreclosure date?

Thanks for your help


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