Arizona Mortgage Rates & News - July 31, 2009

***Smart Financial Mortgage Weekly Mortgage Update July 31, 2009*** News Flash!!!!!From a July 27th story in the Arizona Republic………………….An amendment to the state’s foreclosure law (SB 1271) now makes somehomeowners inforeclosure liable for the difference between their mortgage and what the lender can get whenreselling the home. The new law would affect any Arizona homeowner in foreclosure who has not lived in the home for six consecutive months. This would impact owners of secondhomes as well a