SENATE DOCKET, NO. 1559        FILED ON: 1/18/2013

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 491

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Michael F. Rush

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to vacated foreclosed residential property.

_______________

PETITION OF:

 

Name:

District/Address:

Michael F. Rush

Norfolk and Suffolk

Paul McMurtry

11th Norfolk

Robert M. Koczera

11th Bristol

Martin J. Walsh

13th Suffolk

Christopher G. Fallon

33rd Middlesex

Thomas A. Golden, Jr.

16th Middlesex

Chris Walsh

6th Middlesex

Denise Provost

27th Middlesex

Danielle W. Gregoire

4th Middlesex


SENATE DOCKET, NO. 1559        FILED ON: 1/18/2013

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 491

By Mr. Rush, a petition (accompanied by bill, Senate, No. 491) of Michael F. Rush, Paul McMurtry, Robert M. Koczera, Martin J. Walsh and other members of the General Court for legislation relative to vacated foreclosed residential property.  Financial Services.

 

The Commonwealth of Massachusetts

 

_______________

In the Year Two Thousand Thirteen

_______________

 

An Act relative to vacated foreclosed residential property.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1: Notwithstanding any general or special law or rule or regulation to the contrary, a creditor shall place residential properties back on the market for sale or lease within one calendar year of foreclosure. Failure to place such residential properties back on the market for sale or lease within one calendar year of foreclosure shall result in forfeiture of property to the town or city in which the residential property is located.