Foreclosure Law Amendment
July 30, 2009
Recent changes to a state foreclosure law may have unintended consequences. The changes were an attempt to protect banks from financial losses when they foreclose on homes purchased by speculators. Critics say the changes go too far and may cause a new wave of bankruptcies. Tanya Wheeless of the Arizona Bankers Association and Scottsdale-based bankruptcy attorney, Randy Nussbaum discuss the law set to take effect September 30th.