Many homeowners facing foreclosure in Arizona think they have until the moment the gavel falls to save their home. They plan to borrow money from a friend or sell the house on the morning of the Trustee Sale. This delay can result in losing the home.
In Arizona, your "Right of Reinstatement"—the ability to stop the foreclosure by paying only the back payments and fees—expires at 5:00 PM on the last business day BEFORE the sale (A.R.S. § 33-813).
The "Full Balance" Risk
Once the sun rises on the day of the auction, the lender is generally no longer required to accept your back payments. Statutes allow them to demand the full remaining loan balance (e.g., the entire $400,000 mortgage) to stop the sale. If you don't have the full amount, the auction typically proceeds.
The "90-Day" Cliff
The foreclosure timeline in Arizona is strictly 90 days from the recording of the Notice of Trustee Sale.
- Day 1-89: You generally have the right to reinstate the loan (pay the arrears).
- Day 90 (Auction Day): The statutory right to reinstate typically expires.
We can close in as little as 7 days.
IMPORTANT LEGAL DISCLAIMER:
Homebound Offers is a real estate investment company. We are principal buyers, not attorneys, financial advisors, or licensed real estate agents. The information presented in this article is for educational purposes only and does not constitute legal, financial, or tax advice.
Real estate laws, including eviction, probate, and foreclosure statutes, vary by location and are subject to judicial interpretation. Every property situation is unique. The next step for any legal action should always be to contact a qualified attorney to review your specific circumstances. If you need a referral to a local professional, we may be able to provide a list of independent contacts.