Foreclosure law repealed: AZ bankers will continue to push for reform
A recently passed state law intended to help small Arizona banks recoup enormous financial losses incurred through waves of foreclosure was quietly stripped from statute as part of a budget agreement signed by Gov. Jan Brewer on Sept. 4.
New law would allow post-foreclosure suits
Arizona real-estate agents are sounding the alarm over recently enacted state legislation that sets new limits on longstanding protections for some owners of foreclosed homes, saying the law will weaken protection for borrowers and damage the struggling housing market.