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Arizona’s SB 1451 – Does Arizona Have the Right to Save Itself from Drowning in Underwater Loans?
Written on 19 Feb, 2012 at 6:11
Senate Bill 1451 only uses PRIVATE MONEY. There is no government money involved, no subsidies, no guarantees, and no taxes. This Program utilizes a completely different structure than any current mortgage program. It includes a cash insurance... (Continue reading)
Tagged with: abrogate loan agreements Arizona arizona constitution arizona foreclosure laws Arizona SB 1451 Associate Professor of Law at Loyola Law School Lauren Willis banking lobby CDOs chain of title deficiency judgement double dip eminent domain Fannie Mae foreclosure crisis foreclosures Freddie Mac good for banks good for borrowers Home Building & Loan Association v. Blaisdell invalid assignments Lauren Willis loan modification loan modifications mandelman mandelman matters martin andelman MERS mortgage crisis mortgage fraud mortgage refinance negative equity private contracts recession robert robb Robo-Signing Scottsdale securitization securitization audit Senator Michelle Reagan strategic default The Housing Finance Reform Act of 2012 underwater mortgages
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