First Financial Bank, N.A. v. Claassen

OPINION

THOMPSON, Judge:

¶ 1 This appeal follows a bench trial on a deficiency action following a judicial foreclosure. Appellant Theodore F. Claassen (Claassen) asserts that the trial court erred in determining that there was a nonpurchase, non-construction, money deficiency of $1,119,676.67 under Arizona Revised Statutes (A.R.S.) § 33-729(A) (2014) which successor-lender First Financial Bank, N.A. (Bank) was entitled to pursue. 1 We agree as to $914,403.33 of the damages and, therefore, reverse in part and remand.

FACTUAL AND PROCEDURAL HISTORY

¶ 2 The real property at issue is in a planned…