Independent Mortgage Co. v. Alaburda

OPINION

THOMPSON, Judge.

¶ 1 Appellant Independent Mortgage Company appeals the trial court’s order entering summary judgment in favor of Dennis Ala-burda and Amy Warner (collectively the Ala-burdas). The sole issue on appeal is whether the trial court properly construed Arizona Revised Statutes (A.R.S.) section 33-814(G) (Supp. 2011)1 as precluding a deficiency judgment on a fractional interest in a vacation accommodation. For the following reasons, we affirm.

FACTS AND PROCEDURAL HISTORY

¶ 2 In 2006, the Alaburdas purchased a 1/10th fractional interest in a single-family residential condominium…