SENATE DOCKET, NO. 314 FILED ON: 1/28/2021
SENATE . . . . . . . . . . . . . . No. 724
|
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 |
SENATE DOCKET, NO. 314 FILED ON: 1/28/2021
SENATE . . . . . . . . . . . . . . No. 724
By Mr. Rush, a petition (accompanied by bill, Senate, No. 724) of Michael F. Rush for legislation relative to vacated foreclosed residential property. Financial Services. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 644 OF 2019-2020.]
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninety-Second General Court
(2021-2022)
_______________
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.