Once the trustee's sale has occurred in the foreclosure of a trust deed, what rights does the trustor have?

Disable ads (and more) with a premium pass for a one time $4.99 payment

Study for the Arizona Real Estate Exam. Boost your knowledge with flashcards and multiple choice questions with explanations. Be exam-ready with our comprehensive review!

In the context of Arizona law, once the trustee's sale has taken place in a foreclosure process involving a trust deed, the trustor indeed loses the right to redeem the property. This is a key aspect of the foreclosure process under Arizona's trust deed laws.

In Arizona, once the property is sold at a trustee's sale, the former owner, or trustor, cannot reclaim it by paying the debts or redeeming it as one might with a judicial foreclosure scenario. This means that after the sale, the new owner (the purchaser at the auction) receives clear title to the property without any further obligation to the trustor.

This operates under the principle that, in a non-judicial foreclosure context, the trustee's sale is considered final, barring specific conditions related to mechanics' liens or other claims but not affecting the trustor's ability to redeem after the sale. Thus, option A accurately reflects the legal standing of the trustor post-sale in Arizona.

The other options present misleading or incorrect timelines that do not align with Arizona's foreclosure laws.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy