Arizona Anti-Deficiency Law may be repealed!
In a striking turn of events it seems that State Senator Pierce is in favor of repealing the Arizona Anti-Deficiency Law!
If you have not been following this story then please read through the past days of my blog as I have been attacking this one closely!
Yesterday the Arizona Association of Realtors CEO Tom Farley & General Attorney Michelle Lind along with Attorney Marc McCain and some other local individuals including myself attended a Senate meeting to let our feelings be heard. We were representing local Arizona Homeowners as we feel that the passing of SB 1271, or the new Arizona Anti-Deficiency law is unjust, unfair, and will add fuel to the fire that is a declining real estate market and an already difficult economy and will hurt rather than help the average Arizonan.
I have just received a press release from Senator Pierce’s office stating that he is in favor of repealing the bill. This is excellent news! Attorney Marc McCain was interviewed by Channel 15 regarding this situation and can be seen tonight at 6pm.
For those of you that have been sending me your thoughts about this bill I thank you for your support. If you have thoughts or questions about SB 1271 please email me at Sean @ AzHomeHelp.com
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3 comments
Just talked to the Jan Brewer office, and we were told, we will have a commitment from her on Friday sometime. One way or the other!!!
Call her office at 602-542-4331 and voice your thoughts. Now
I am snooping for any additional news on this topic.
We clearly want this law over-turned. Besides being bad business it is not clearly written. Also, the old case law goes against this, so they would have to find a judge to go against case law.
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