SENATE DOCKET, NO. 147 FILED ON: 1/14/2015
SENATE . . . . . . . . . . . . . . No. 554
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The Commonwealth of Massachusetts
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PRESENTED BY:
Michael F. Rush
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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.
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PETITION OF:
Name: | District/Address: |
Michael F. Rush | Norfolk and Suffolk |
SENATE DOCKET, NO. 147 FILED ON: 1/14/2015
SENATE . . . . . . . . . . . . . . No. 554
By Mr. Rush, a petition (accompanied by bill, Senate, No. 554) of Michael F. Rush for legislation relative to vacated foreclosed residential property. Financial Services. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 491 OF 2013-2014.]
The Commonwealth of Massachusetts
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In the One Hundred and Eighty-Ninth General Court
(2015-2016)
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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.