We just received this email from AAR. I’m sure it will on their website soon…
Governor signs bill that repeals change to anti-deficiency statute
Governor Jan Brewer signed HB 2008, which repeals SB 1271 and its change to the anti-deficiency statute. AAR would like to thank our members for their quick response and action on this matter. AAR’s success is due, in part, to members like you who help engage on issues down at the Capitol. AAR will continue to work with legislators and industry stakeholders to protect homeowner rights at the Capitol.
Read the play by play SB 1271 scenerio here..
[...] A Win For AAR: SB 1271 Repealed « Phoenix Real Estate Brokerage – John Hall & Associ… Says: September 4, 2009 at 3:32 pm | Reply [...]
A GREAT win!! The potential for doubling the number of bankruptcies already filed in Arizona was there.
Great win !!! anyone realize how quiet the builders that sold all these homes for double price and got keep the money are!! buying away other companies with their profits they made during the boom. They have not lost a dime in this housing meltdown and noone going after them…. Shhh!