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04/11/10
Amid rising foreclosures, Legislature weighs aid
Filed under: General, Real Estate
Posted by: Lillian Wong @ 5:01 pm

In March, as a record number of homes were foreclosed on in metropolitan Phoenix, several pieces of Arizona legislation that would have helped homeowners facing foreclosure or dealing with the aftermath died.

Six of seven bills that made up the proposed Foreclosure Rescue for Arizona Act were never heard in the Legislature. The one piece of legislation from the package to be heard in the House would require landlords to give renters more notice and time to move out of foreclosure homes. This would help Arizona residents but not struggling homeowners. The bill is supposed to be heard in the Senate later this week.  more…



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