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statute of limitations

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CTCool

Junior Member
What is the name of your state? AZ
Does any one know the statute of limitations for a forclosure on a promisary note/mortgage in arizona. It has been 4 years+ since I have paid on the note due to a dispute with the seller. he just now is threatening forclosure; however i have offered to sign the home back over.
 


Veronica1228

Senior Member
CTCool said:
What is the name of your state? AZ
Does any one know the statute of limitations for a forclosure on a promisary note/mortgage in arizona. It has been 4 years+ since I have paid on the note due to a dispute with the seller. he just now is threatening forclosure; however i have offered to sign the home back over.
SOL for debt in the state of Arizona is as follows:

Oral Agreements - 3 years
Written Contracts - 6 years
Promissory Notes - 5 years
Open Accounts - 3 years

I don't know if this is exactly what you are looking for, but I hope it helps.
 

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