This weekend via John Stewart, Debbie Dobson and Beth Findsen - I received this email that referenced SB1259. It is important legislation that will help homeowners, and our Arizona courts, and economy. Families will be helped and possibly allowed to stay together rather than being split up, due to rushed non-judicial trustee sales done while modifications are in process. Take 5 minutes to let your reps/senators know that tyour thoughts on this bill EMAIL and/or CALL. Thank you to the people that have worked on this.
I DO WANT TO ADD THIS: Two foreclosure experts have emailed to mention that this billl as stands is NOT good. The bill idea is good but it includes a SUMMARY that will allow banks to be held to lower standard than law now allows. It will make it more difficult for those fighting for foreclosure to hold banks accountable for wrongful actions. I>E> A sale is void if it does not follow noticing procedures - that must not be done away with- it is part of contract law. A summary is just not good for foreclosure defense.
SB 1259, which would require the recording of a certification regarding the complete chain of title prior to any non-judicial foreclosure not conducted by an originating lender, or the sale would be voidable. Attorneys fees would be awarded if a homeowner had to sue to enforce this. THE BANKS HAVE ALREADY TRIED TO KILL IT BUT DID NOT SUCCEED THANKS TO MICHELE REAGAN – please thank her personally!
People need to support this bill and make sure that foreclosures are done properly and not without standing... give homeowners the ability to fight wrongful foreclosures without heaping up huge legal fees that the banks create.
BANKING AND INSURANCE
Tuesday, 2:00 PM, SHR 3
John McComish (R), Chairman jmccomish@azleg.gov
Michele Reagan (R), Vice-chairman mreagan@azleg.gov
Adam Driggs (R) adriggs@azleg.gov
Linda Gray (R) lgray@azleg.gov
Linda Lopez (D) llopez@azleg.gov
Robert Meza (D) rmeza@azleg.gov
http://azleg.gov/MemberRoster.asp?Body=S WRite to your legislators NOW... email them. use the previous link for information about who to contact. Take the 30 seconds needed to do it.
Arizona State Senate
Capitol Complex
1700 West Washington
Phoenix, AZ 85007-2890
Info Desk
(602) 926-3559
Fax
(602) 926-3429
Toll Free:
1-800-352-8404
Tucson Office
400 West Congress St.
Suite 201
Tucson, AZ 85701
Senate Info Desk
(520) 398-6000
House Info Desk
(520) 398-6000
Fax
(520) 398-6028
Toll Free:
1-800-352-8404
Arizona House of Representatives
Capitol Complex
1700 West Washington
Phoenix, AZ 85007-2890
Info Desk
(602) 926-4221
Toll Free:
1-800-352-8404
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