FedUpUSA

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….. smiley

Put a fork in ’em – they’re

smiley

The Market-Ticker

 

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