Does Arizona have a redemption period for homeowners after foreclosure?

Does Arizona Law Allow for a Redemption Period After a Foreclosure?

I have had many buyers that are purchasing bank owned properties ask me this question:

Can the homeowner that has been foreclosed on have a redemption period to get their property back?

Does Arizona Law Allow for a Redemption Period After a Foreclosure?

Arizona law does allow the borrower a set amount of time after the foreclosure sale to redeem the property if the property foreclosure occurred through the judicial system and the property was not abandoned prior to the foreclosure. If those two criteria are met then the borrower has six months from the date of the foreclosure sale to pay all outstanding loan amounts, fees and costs and to redeem the property. However, if the foreclosure occurs out of court, a so called non judicial foreclosure, then the borrower does not have the right to redeem the property.

Keep in mind, most of our Foreclosures are by Trustee Sales which are non-judical.