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NORTH. ARIZ. PROPERTIES v. PINETOP PROPERTIES

No. 1 CA-CIV 8452.

151 Ariz. 9 (1986)

725 P.2d 501

NORTHERN ARIZONA PROPERTIES, a Limited Partnership, Western Financial Management Corp., its General Partner, Plaintiffs-Appellants, v. PINETOP PROPERTIES GROUP, a General Partnership; Mike Newsome and Jane Doe Newsome, Husband and Wife; Dennis A. Kramer and Jane Doe Kramer, Husband and Wife; Shirley A. Kibler and John Doe Kibler, Husband and Wife; and Eric D. Kibler and Jane Doe Kibler, Husband and Wife; Transamerica Title Insurance Company, a California corporation and Sports Village Three Homeowners Association, Defendants-Appellees.

Court of Appeals of Arizona, Division 1, Department C.

Review Denied September 16, 1986.

Attorney(s) appearing for the Case

Parham & Cox by Michael A. Parham, Phoenix, for plaintiffs-appellants.

Storey & Ross by Lawrence E. Wilk, Dennis I. Wilenchik, Phoenix, for defendants-appellees.

EUBANK, Presiding Judge.

The single issue raised in this appeal is whether the trial court properly construed A.R.S. § 33-729(A) as precluding a deficiency judgment in the foreclosure of a deed of trust as a mortgage.

Pinetop Properties Group (Pinetop), a partnership, purchased a condominium (condo), Unit 24-A, Sports Village Unit Three, located in Pinetop, Arizona, from Northern Properties (Northern). The condo...

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