All Business: The Arizona Capitol Times is reporting that the some Arizona banks filed a petition with the Arizona Supreme Court asking the court to throw out the law passed by the Arizona legislature and signed by the Governor that repealed a change in Arizona’s foreclosure law that would have become effective on September 30, 2009. The new law that was repealed would have made thousands of people who borrowed money to buy residential homes in Arizona liable for deficiencies after a foreclosure that did not pay the lender in full.
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The change of the foreclosures law are a shame, this is wasting more time then could.