If you are facing the threat of mortgage foreclosure in Arizona, it is important to understand your options for stopping the process and protecting your home. Foreclosure occurs when a lender takes possession of a property due to the borrower’s failure to make mortgage payments. In Arizona, foreclosure is generally a non-judicial process, meaning it can occur outside of court. However, there are ways to stop foreclosure, and with the right approach, you may be able to save your home. Understanding Mortgage Foreclosure in Arizona When you fail to make mortgage payments, your lender can initiate foreclosure proceedings. Arizona law allows lenders to begin non-judicial foreclosure after you have missed payments for 120 days. The process starts with a Notice of Default (NOD), which signals that you are at risk of foreclosure. Afterward, the lender issues a Notice of Trustee’s Sale (NTS), which sets a date for the foreclosure auction. While this process can seem daunting, understanding t
