ARIZONA – Senator to kill Arizona bill that would make it easier for HOAs to foreclose
Citing a barrage of media coverage and public concern, Sen. John Kavanagh, R-Fountain Hills, told The Arizona Republic on Wednesday that he will withdraw his bill that would have sped up foreclosures by homeowners associations.
Kavanagh’s bill would have allowed HOAs to foreclose on homeowners after six months of missed payments, with no minimum debt. Currently, HOAs can’t begin the foreclosure process until a homeowner is delinquent for 12 months or racks up at least a $1,200 debt.
Kavanagh said media coverage of the bill misrepresented what it would have accomplished, “which made an already controversial issue — HOAs — toxic.” Read more:
Posted on January 18, 2018, in Uncategorized. Bookmark the permalink. Comments Off on ARIZONA – Senator to kill Arizona bill that would make it easier for HOAs to foreclose.