Bill > S999

This bill amends Section 127I of Chapter 111 of the General Laws to allow a court-appointed receiver for a vacant residential property to sell the property to a nonprofit entity for fair market value, provided that the nonprofit entity will correct all outstanding state sanitary code violations and rehabilitate the property for affordable sale to a first-time homebuyer from a household whose income is not more than 120% of the median income as determined by the U.S. Department of Housing and Urban Development, and the nonprofit has the necessary expertise and resources to do so. The court must allow at least 30 days before hearing the receiver's motion for sale, during which time the owner, mortgagee, or other interested party can file a motion to correct the code violations themselves, and the court can then stay the receiver's motion to allow them to do so.

Justice

https://malegislature.gov/Bills/193/S999