Move to repeal controversial Arizona foreclosure law, again

Opponents of a controversial Arizona law that could make some homeowners liable for tens of thousands of dollars on homes that go into foreclosure aren’t giving up. Real estate groups, including the Arizona Association of Realtors, are trying to have the SB 1271 repealed again in the current special legislative session.
SB 1271 was repealed in the Arizona’s special budget legislative session a few months ago. But then in October, the Arizona Bankers Association, which backed SB 1271, filed a lawsuit in Arizona Supreme Court saying the repeal of the law was unconstitutional because it exceeded the scope of the session.
 “Legislators …

read the rest of this post