October 24, 2008

AZ Propositions - 201

Homeowners Bill of Rights

A "yes" vote shall have the effect of granting "prospective buyers" a right to sue over a dwelling action, permitting lawsuits despite alternative dispute resolution provisions in sales contracts, shortening buyer purchaser notice and seller response period before and after filing defects lawsuit, requiring seller to inspect dwelling after receiving notice, requiring any seller offer to include repair or replace option that must be performed by a licensed contractor, eliminating seller right to receive attorney fees and costs if the seller prevails, mandating seller to provide ten year warranty of materials and workmanship, requiring newly constructed dwelling contract to include disclosure of seller's financial relationship with a financial institution, disallowing seller from requiring a buyer deposit unless contract allows 100 day cancellation period, extending from eight to ten years the time to file suit against any person making improvements to real property, and expanding remedies available to an owner who is successful in a dwelling action against the seller.

Don't think I really need to add much. The paragraph above makes it very clear why this one should not pass.

Proposition 201 gets a NO

UPDATE: How to know for sure this one is a bad idea - the AFL-CIO supports it. Prop 201 NO

Posted by Vox at October 24, 2008 09:19 PM | Arizona , politics