Anti-Deficiency Update for Nov 23, 2009

Today the anti-deficiency fix bill SB 1004 was passed unanimously by the House of Representatives.

Basically this fix returns the statutes to the way they have been since 1971 and before SB 1271, essentially maintaining that Arizona is a deed of trust state and still an anti-deficiency state.

There are some remaining issues, specifically those issues that deal with speculative building, that remain to be addressed and will be at an upcoming special session.

Related posts:

1. Arizonas Anti-Deficiency Law – SB 1271 – Law as it’s written
2. Arizona Anti Deficiency Law Update
3. Federal Deficiency Law to trump Arizona Anti-Deficiency law?
4. SB 1271 – Arizona Anti Deficiency Law – Newest Update
5. Trying to Beat the Anti-Deficiency Law SB 1271?