ARIZONA LEADING THE WAY!

Submitted by: Donald Hank
FLASH: Arizona SB1259 Passes The Senate

This effectively puts a stop to ALL illegal foreclosures.  No proper documentation?  Forget it. Get your shovels for the banks…. The bottom line is this: Either the original issue of that mortgage and its subsequent securitization went through all previously-required assignments and you can prove it or your ability to convey a title via Trustee Sale is gone. Awwww those poor widdle banksters that cheated on the rules…. looks like Arizona has had enough of their games and is going to body-slam them all in favor of their citizens.  BRAVO! Now to get this introduced and passed in all 50 states….. a refreshing instance of legislation that actually both defends property rights and fits on one page! The result: THIRD READ: DATE AYES NAYS NV EXC EMER AMEND RFE 2/3 VOTE RESULT Vote Detail 02/22/11 28 2 0 0 PASSED TRANSMIT TO HOUSE: 02/22/11 On the way to the House….. Put a fork in ‘em – they’re DONE!