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The Offer Company explaining what happens if you walk away from your mortgage in Arizona

The risks of walking away

In Arizona, simply “walking away” from your mortgage — also called a strategic default — has major consequences. It leads to foreclosure, severe credit damage, and long-term financial challenges.

While some homeowners think it’s the easiest option, the reality is that it often creates more problems than it solves.

Click here to talk to Hope — our AI foreclosure assistant is available 24/7 to explain your options and safer alternatives.

What really happens if you walk away

  • Foreclosure starts quickly: After missed payments, your lender can record a Notice of Trustee’s Sale in as little as 90 days.

  • Credit takes a hit: A foreclosure can remain on your report for up to 7 years.

  • Loss of equity: Any equity you had in your home is lost to the foreclosure process.

  • Possible deficiency issues: While Arizona protects many primary residences from deficiency judgments, second liens or HOA debts may survive.

  • Eviction risk: Once the trustee’s sale happens, the new owner (bank or bidder) can move to evict.

Better options than walking away

  • Loan modification or repayment plan to make payments affordable

  • Forbearance or short-term relief if you need temporary help

  • Sell before foreclosure to protect equity and credit

  • Leaseback or transition options if moving is inevitable but you need more time

Common misconceptions

  • “If I walk away, the bank forgives everything.” False — foreclosure damages credit and may leave other debts unpaid.

  • “I’ll have time after auction to fix it.” False — foreclosure is final at the trustee’s sale.

  • “Walking away is my only option.” False — alternatives exist that protect your future.

Proof from Arizona homeowners

“I thought walking away was my only option. The Offer Company showed me alternatives that kept my credit intact and gave me more control.”
— Sharon L., Phoenix

Why trust The Offer Company

We don’t pressure homeowners into one path. Instead, we explain all your real options so you don’t feel forced into walking away. With Hope, our AI assistant, you’ll get clear answers and a plan to move forward safely.

Learn more and take action today

For free resources, visit the HUD foreclosure prevention page.

Then, talk to The Offer Company about the real consequences of walking away and the alternatives that may work for you.

Click here to talk to Hope today — and take control before you make a decision you can’t undo.