Arizona Association of Realtors Withdraws Support

The AAR has come out against SB 1271 stating that “the consequences will be severe” and that “[t]he bill has far reaching effects, well beyond those testified to in the committee. None of those efffects are positive or helpful to restart the Arizona economy.” The full text of the letter to Governor Brewer is posted on its website at: http://www.aaronline.com/documents/GBrewer072209.aspx

There is also an interesting legal discussion of deficiency judgment law in Arizona.

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