MA S724

Bill

MA S724

Relative to vacated foreclosed residential property

Introduced
03/29/2021

In Committee
03/29/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation relative to vacated foreclosed residential property. Financial Services.

AI Summary

This bill requires creditors to place foreclosed residential properties back on the market for sale or lease within one calendar year of foreclosure. Failure to do so would result in the forfeiture of the property to the town or city where the property is located. The bill aims to address the issue of vacated foreclosed residential properties by ensuring they are promptly made available for sale or lease, preventing them from sitting idle and potentially contributing to blight in communities.

Committee Categories

Business and Industry

Sponsors (1)

Mike Rush (D)*,

Last Action

Accompanied a study order, see S2699 (on 02/17/2022)

Official Document

https://malegislature.gov/Bills/192/S724

(22 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/S724
Bill	https://malegislature.gov/Bills/192/S724.pdf

Bill	Bill Name	Last Action	Type
H1508	Relative to escheat	No further action taken	Similar To
H2921	Relative to tax abatement for permanently disabled veterans	No further action taken	Similar To
H3766	Authorizing the city of Melrose to establish a means tested senior citizen property tax exemption	Signed by the Governor, Chapter 100 of the Acts of 2022	Similar To
H3767	Authorizing the city of Melrose to regulate certain property tax exemption eligibility requirements for the elderly	Signed by the Governor, Chapter 390 of the Acts of 2022	Similar To
H3901	Authorizing the town of Mendon to establish a means-tested senior citizen property tax exemption	Signed by the Governor, Chapter 241 of the Acts of 2022	Similar To
H3989	To give the town of Leicester authority to grant full annual property tax exemptions to the surviving spouse of Rutland Police Detective and Leicester resident John D. Songy	Signed by the Governor, Chapter 225 of the Acts of 2022	Similar To
H4060	Establishing a real property transfer fee in the town of Chatham	No further action taken	Similar To
H4107	Authorizing the town of Lincoln to establish a means tested senior citizen property tax exemption program	Read second and ordered to a third reading	Similar To
H4250	Authorizing the Massachusetts Water Resources Authority to release easements upon certain real property in the town of Canton	Signed by the Governor, Chapter 143 of the Acts of 2022	Similar To
H4979	Authorizing the Department of Conservation and Recreation and the Division of Capital Asset Management and Maintenance to transfer an easement in certain property and the fee in certain properties to the city of Revere all for municipal purposes	Signed by the Governor, Chapter 151 of the Acts of 2022	Similar To
H915	Authorizing the Massachusetts Water Resources Authority to release easements upon certain real property in the town of Canton	New draft substituted, see H4250	Similar To
S1802	Relative to providing better notices and protections in the process for collecting delinquent property taxes	Accompanied a study order, see H5247	Similar To
S1844	Relative to tax abatements for deaf residents	Accompanied a study order, see S2743	Similar To
S1845	Relative to senior citizen property tax credits	Accompanied a study order, see H5247	Similar To
S1916	Authorizing the establishment of a mean tested senior citizen property tax exemption	Accompanied H2915	Similar To
S193	Relative to partial payments	Accompanied a new draft, see S2569	Similar To
S2437	Establishing a real estate transfer fee upon the transfer of property in the town of Concord	Read second and ordered to a third reading	Similar To
S2505	Authorizing the town of Wareham to assess certain solar or wind systems as personal property	Read second and ordered to a third reading	Similar To
S2512	Authorizing the town of Andover to establish a means tested senior citizen property tax exemption	Signed by the Governor, Chapter 210 of the Acts of 2022	Similar To
S2526	Relative to raising the income threshold for senior real property tax deferments in the town of Milton	Signed by the Governor, Chapter 71 of the Acts of 2022	Similar To
S2699	Order relative to authorizing the joint committee on Financial Services to make an investigation and study of certain current Senate documents relative to banking issues	Discharged to the committee on Senate Rules	Replaced by
S877	Requiring the disclosure of services covered by condominium fees and property taxes	Accompanied a study order, see H5276	Similar To

Bill

Bill Name

Last Action

Type

H1508

Relative to escheat

No further action taken

Similar To

H2921

Relative to tax abatement for permanently disabled veterans

No further action taken

Similar To

H3766

Authorizing the city of Melrose to establish a means tested senior citizen property tax exemption

Signed by the Governor, Chapter 100 of the Acts of 2022

Similar To

H3767

Authorizing the city of Melrose to regulate certain property tax exemption eligibility requirements for the elderly

Signed by the Governor, Chapter 390 of the Acts of 2022

Similar To

H3901

Authorizing the town of Mendon to establish a means-tested senior citizen property tax exemption

Signed by the Governor, Chapter 241 of the Acts of 2022

Similar To

H3989

To give the town of Leicester authority to grant full annual property tax exemptions to the surviving spouse of Rutland Police Detective and Leicester resident John D. Songy

Signed by the Governor, Chapter 225 of the Acts of 2022

Similar To

H4060

Establishing a real property transfer fee in the town of Chatham

No further action taken

Similar To

H4107

Authorizing the town of Lincoln to establish a means tested senior citizen property tax exemption program

Read second and ordered to a third reading

Similar To

H4250

Authorizing the Massachusetts Water Resources Authority to release easements upon certain real property in the town of Canton

Signed by the Governor, Chapter 143 of the Acts of 2022

Similar To

H4979

Authorizing the Department of Conservation and Recreation and the Division of Capital Asset Management and Maintenance to transfer an easement in certain property and the fee in certain properties to the city of Revere all for municipal purposes

Signed by the Governor, Chapter 151 of the Acts of 2022

Similar To

H915

Authorizing the Massachusetts Water Resources Authority to release easements upon certain real property in the town of Canton

New draft substituted, see H4250

Similar To

S1802

Relative to providing better notices and protections in the process for collecting delinquent property taxes

Accompanied a study order, see H5247

Similar To

S1844

Relative to tax abatements for deaf residents

Accompanied a study order, see S2743

Similar To

S1845

Relative to senior citizen property tax credits

Accompanied a study order, see H5247

Similar To

S1916

Authorizing the establishment of a mean tested senior citizen property tax exemption

Accompanied H2915

Similar To

S193

Relative to partial payments

Accompanied a new draft, see S2569

Similar To

S2437

Establishing a real estate transfer fee upon the transfer of property in the town of Concord

Read second and ordered to a third reading

Similar To

S2505

Authorizing the town of Wareham to assess certain solar or wind systems as personal property

Read second and ordered to a third reading

Similar To

S2512

Authorizing the town of Andover to establish a means tested senior citizen property tax exemption

Signed by the Governor, Chapter 210 of the Acts of 2022

Similar To

S2526

Relative to raising the income threshold for senior real property tax deferments in the town of Milton

Signed by the Governor, Chapter 71 of the Acts of 2022

Similar To

S2699

Order relative to authorizing the joint committee on Financial Services to make an investigation and study of certain current Senate documents relative to banking issues

Discharged to the committee on Senate Rules

Replaced by

S877

Requiring the disclosure of services covered by condominium fees and property taxes

Accompanied a study order, see H5276

Similar To

Bill > S724

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary