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Bankers file suit to challenge repeal of foreclosure law
A coalition of bankers has asked the Arizona Supreme Court to overturn the repeal of legislation enacted to benefit banks harmed by a wave of foreclosures. On Oct. 21, the Arizona Bankers Association has filed a petition for special action with the state's highest court in hopes of negating a provision included in state budget legislation that successfully repealed a foreclosure law signed into[...]
Bankers won’t oppose repeal of foreclosure bill
Prescott Republican Sen. Steve Pierce has endorsed the repeal of S1271, a measure he shepherded through the Legislature in what he describes as an effort to provide some shelter to community banks that have been pummeled by waves of foreclosures.
Reverse mortgages: Look before you leap
As seniors see their 401K savings shrink and the value of their homes plummet, the prospect of taking out a reverse mortgage seems like an option that’s almost too good to be true.
