Bill > S836

This bill amends the foreclosure statute to require judicial foreclosure. Specifically, it mandates that all foreclosures of residential mortgages on 1-6 family owner-occupied properties be initiated by the filing of a foreclosure complaint in the Superior Court. The defendant-residential mortgagor can raise legal and equitable claims and defenses against the mortgagee or any related party, and the court has the authority to modify the mortgage or grant other appropriate relief to the mortgagor. The bill also requires that if service is not effected in hand, it must be effected by both posting and mailing, and the court may set aside a default judgment for good cause shown.

Justice

https://malegislature.gov/Bills/191/S836