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Repeal of foreclosure bill included in budget (access required)

By Jeremy Duda

Published: July 31, 2009 at 2:13 pm

The budget package passed by the House includes the repeal of a bill that was originally intended to help lenders recoup losses from foreclosed homes. The House’s action comes after Sen. Steve Pierce, the bill’s sponsor, endorsed the repeal of S1271. The bill makes homeowners who have been foreclosed on liable to lenders for the difference …

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ARIZONA LEGISLATIVE REPORT