ACTION ALERT FOR

TO ALL CALIFORNIANS:
PLEASE WRITE AND CALL YOUR LOCAL LEGISLATURES AND TELL THEM CALIFORNIA NEEDS A SIMILAR
BILL WHICH WAS JUST PASSED IN ARIZONA. ARIZONA SENATE BILL 1259.

CALIFORNIANS NEED A BILL THAT REQUIRES LENDERS THAT DIDN’T ORIGINATE A MORTGAGE LOAN
TO PRODUCE THE FULL CHAIN OF TITLE, OR RISK THE FORECLOSURE SALE BEING VOIDED.

THIS NEEDS TO HAPPEN FAST AS THOUSANDS OF CALIFORNIANS ARE NEEDLESLY BEING FORECLOSED
UPON BY PRETENDER LENDERS (UNDER THE GUISE OF SECURITIZATION).

You see, the Arizona State Senate has passed Senate Bill 1259, sponsored by Michele Reagan,
which would require the lenders that didn’t originate a loan to produce the full chain of title, or risk
the foreclosure sale being voided. The bill now goes to the House for a vote, but with the Senate
having passed it by an overwhelming margin of 28-2, it would seem that its passage is a fait accompli.

According to the Arizona Senate’s FACT SHEET FOR S.B.1259, foreclosures; proof of ownership, the
Bill’s purpose is as follows:

“Provides a chain of ownership during foreclosure proceedings and allows reimbursement of lawyer
fees for injunctions or court cases that fail to prove ownership.”