Wednesday, February 23, 2011

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
02/22/11
28
2
0
0




PASSED

TRANSMIT TO HOUSE:
02/22/11

On the way to the House….. smiley
Put a fork in ‘em – they’re DONE!

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