OMG I am sooo pissed ... look what happened in AZ ...

[littlewolf]

http://market-ticker.org/akcs-www?post=184872


A. FOR ANY BENEFICIARY WHO IS NOT THE ORIGINATING BENEFICIARY ON THE DEED OF TRUST, THE BENEFICIARY SHALL RECORD A SUMMARY DOCUMENT REGARDING THE BENEFICIARY'S LEGAL INTEREST IN THE DEED OF TRUST THAT CONTAINS THE FOLLOWING INFORMATION IN CHRONOLOGICAL ORDER:

THE FULL NAME AND ADDRESS OF RECORD OF EVERY PRIOR BENEFICIARY ON THE DEED OF TRUST.

more at the link ...

here is the original bill
http://www.scribd.com/doc/48530405/SB-1259-Introduced-Version-Arizona-State-Legislature-via-MyGov365-com

and here is what replaced it ...

http://www.scribd.com/doc/53634172/Senate-Bill-1259-Relating-to-Fire-Districts


How'd that happen? What sort of outrageous political corruption takes a bill that has been PASSED in one house of a State and before it gets to the other, the passed bill is replaced in its entirety with something completely unreleated?
(Incidentally, it's the House that did that, if you haven't figured it out yet. The problem of course is trying to determine who in the Arizona House did it. That, my friends, is "conveniently" not obvious.)

There comes a time when it is apparent that there is no longer a rule of law in a state, or a nation. That time usually occurs right about when a law that is in the process of being passed, and in fact passes one house of a legislature by a 28-2 margin, and it then magically "disappears" without being considered by the other house and is replaced with something entirely unrelated.

so in summary ... the AZ house passed a bill that required anyone foreclosing on property ... to prove they owned the property ...
it passed the AZ house 28-2 ... and before it got to the senate ... it magically became a bill related to fire districts ....
their needs to be in investigation ... heads need to roll ....
DOJ needs to get involved in this ...

[patrice]

1. Very interesting! Especially the whodunit aspect; could be very revealing info for both sides in

this particular struggle.

[Old and In the Way]

2. I don't know about AZ legislative rules, but I think this is done at the federal level.

Entire bills coming to the Senate can be stripped and replaced with completely different legislation. If it passes, I think it has to go back to the House for a re-vote, though.

[JoePhilly]

3. That, basically, is the federal model.

Often the first bill that passes is very close to one that both chambers could pass. So it passes one chamber, and then goes to the other where some minor modifications take place ... then it goes back.

Of course in this model, either chamber can scuttle the other.

As an example ... the US House voted to repeal "Obamacare". That sucker is DOA in the Senate. They won't even bring it up.

In fact, much of the nonsense that the Tea Party house is passing is in that same condition. They are passing "symbolic legislation", not serious legislation.

[louslobbs]

4. K&R

Lou

[Kablooie]

5. It is apparent that Republicans do not think the rule of law applies to them...

because they see, time after time, when Republicans break the law they are not prosecuted.

Republican crime will continue to grow as long as they aren't brought to justice.

[littlewolf]

8. Do you have the name of the Repug that did this?

[MissB]

6. I think it's called a "gut and stuff".

It happens in our (very Democratic) state too.

[BlueIris]

7. Elegant term, isn't it?

Sad.

[snot]

9. Observation re- the original bill

The bill as quoted in the O.P. actually does more to make life better for the foreclosing beneficiary than it does for the homeowner, since it allows that beneficiary to simply state the chain of beneficiaries without actually getting any of their signatures or providing any other evidence that the mortgage was in fact properly assigned from one to the next.

I would guess that existing state law provides better protection to the homeowner than this bill would have, IF existing law was being applied and enforced in the courts.

[littlewolf]

10. ok I must have read it wrong ...

I was under the impression that the foreclosure had to prove that they actually owned the property ....
ie was in possession of the original promissory note and deed of trust ....

[Travelman]

11. This happens routinely, particularly at the federal level.

This is exactly how the health care reform law was created, for example.