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Supreme Court asking the court to throw out the law passed by the Arizona legislature and signed by the Governor that repealed a change in Arizona’s foreclosure law that would have become effective on September 30, 2009. The new law that was repealed would have made thousands of people who borrowed money to buy residential homes in Arizona liable for deficiencies after a foreclosure that did not pay the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.
Related posts:
- Arizona Bankers Association Sues to Stick It to Home Borrowers
- Arizona Legislature Repeals SB 1271 Again – Law Would Have Changed AZ’s Anti-Deficiency Law
- Arizona Legislature Considering 2nd Repeal of SB 1271, the Banker’s Dream Law
- Lender Who Can’t Prove Ownership of Loan May Not Foreclose
- New Federal Law Protects Tenants From Being Evicted After Foreclosure
- llegal Foreclosure Bidding on Rise in Arizona
- SB 1271 Repealed
- Summary of 2009 Arizona Tax Legislation
- Confusion about Short Sales and Arizona’s Anti-Deficiency Law
- W Hotel Developer Settles Lawsuit with Contractor
October 26th, 2009 at 5:10 am
The change of the foreclosures law are a shame, this is wasting more time then could.