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Arizona allows both non-judicial and judicial real property foreclosures, although non-judicial foreclosure is far more common. The foreclosure period is no less than 90 days, and starts with the recording of a Notice of Default. The typical default is failure to pay for real estate. The Beneficiary is the person foreclosing, who uses a Foreclosure Trustee to perform the foreclosure. Sales are typically held at courthouses. Alaska does not have Counties, but has Judicial Districts, and the place of sale is governed by which Judicial District the real property is located in. With non-judicial foreclosure, there is no right of redemption.
Read more about the Arizona foreclosure process in our InfoCenter
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