AZ HB2765

Allows owner-occupants of residential properties to continue occupying foreclosed property as month-to-month renters for up to one year after providing notice to the lender, with rent determined by justice court based on fair market value.

Establishes a 60-day postponement period for foreclosure sales if owner files an affidavit meeting specified criteria, during which owner and lender can negotiate revised loan terms with assistance from nonprofit or government representatives.

Extends the foreclosure timeline to at least one year after the originally scheduled sale date if owner makes agreed-upon payments during the 60-day negotiation period.

Amends notice requirements for trustee's sales to include beneficiary contact information, names of housing counselors, and notification that owner-occupied properties may not be foreclosed for up to one year if owner files an affidavit.

Applies rental and stay protections only to owner-occupied single or two-family dwellings purchased before July 1, 2007, with purchase prices below median prices for their area, used as principal residence for at least two years before default.