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Bill > S841


MA S841

MA S841
Preventing unnecessary vacancies in foreclosed homes


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to prevent unnecessary vacancies in foreclosed homes. The Judiciary.

AI Summary

This bill aims to prevent unnecessary vacancies in foreclosed homes. It amends the existing law by defining "Fair Market Rent" as the amount established by the U.S. Department of Housing and Urban Development for a comparable unit in the area. The bill also redefines "Foreclosure Sale Purchaser" and "Tenant," and replaces the term "Foreclosing Owner" with "Foreclosure Sale Purchaser" throughout the law. Additionally, the bill requires the Foreclosure Sale Purchaser to post a written notice within 30 days of the foreclosure, and allows tenants to remain in the property as long as they pay the agreed-upon rent or Fair Market Rent. The bill also imposes a penalty of at least $5,000 for any unlawful eviction of a tenant by the Foreclosure Sale Purchaser.

Committee Categories

Justice

Sponsors (10)

Last Action

Accompanied a study order, see S2313 (on 03/01/2018)

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