Arizona Statutes Don't Bar Recovery On Loan, Federal Judge Rules

PHOENIX - In a case in which a plaintiff seeks to recover the remaining debt on a loan in default, a federal judge in Arizona on Jan. 19 denied the defendants' motion to dismiss, rejecting their argument that Arizona's anti-deficiency statutes bar recovery (Watson Communication Systems Inc. v. Thomas D. Adamson, Kathleen J. Adamson, No. 11-01114, D. Ariz.; 2012 U.S. Dist. LEXIS 5844). View today's headlines and listen to the latest podcast at www.lexisnexis.com/legalnews Do you have news to share? Interested in writing a commentary article? Email the Mealey News Desk at Mealeys@LexisNexis.com Full story on lexis.com