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AZ HB2321
Bill
Status
1/19/2010
Primary Sponsor
Chad Campbell
Click for details
AI Summary
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Allows cities and towns to send notice to deed of trust beneficiaries (lenders) requiring removal of rubbish, trash, weeds, debris, or dilapidated structures on residential properties when a foreclosure notice is filed.
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Requires beneficiaries to pay any assessments levied for property cleanup and prohibits trustees from proceeding with foreclosure sale until assessment liens are released.
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Establishes a 90-day deadline for cities, towns, or counties to issue cleanup orders after receiving a foreclosure notice; if no order is issued within this period, the beneficiary may proceed with the foreclosure sale.
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For residential properties only, requires trustees to deliver a notice of pending foreclosure to local jurisdictions before exercising the power of sale, allowing municipalities time to address property maintenance issues.
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Amends Arizona Revised Statutes sections 9-499 (cities/towns), 11-268 (counties), and 33-807 (foreclosure procedures) to implement these requirements.
Legislative Description
Foreclosed properties; maintenance; abatement
Last Action
Referred to House GOV Committee
1/20/2010