MA S590

Bill

Relative to vacated foreclosed residential property

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 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 property being forfeited to the town or city where the property is located. This legislation aims to address the issue of vacant foreclosed residential properties by ensuring they are returned to productive use in a timely manner.

Committee Categories

Business and Industry

Sponsors (2)

Paul McMurtry (D), Mike Rush (D),

Last Action

Accompanied a study order, see S2496 (on 04/30/2018)

Official Document

https://malegislature.gov/Bills/190/S590

(26 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/S590
Bill	https://malegislature.gov/Bills/190/S590.pdf

Bill	Bill Name	Last Action	Type
H1557	To broaden eligibility for relief from disproportionate property tax burdens	No further action taken	Similar To
H1570	To insure fair taxation of affordable housing	Accompanied a study order, see H4244	Similar To
H1605	Providing for a certain real property tax exemption	Accompanied a study order, see H4244	Similar To
H1608	Relative to exempting farmers’ markets from certain property taxes	Accompanied a study order, see H4244	Similar To
H1610	Relative to municipal option abatement for contaminated real property	Accompanied a study order, see H4244	Similar To
H1641	Establishing a tax incentive for small property improvements	Accompanied a study order, see H4244	Similar To
H35	Relative to enhancing consumer protection with respect to unclaimed property	Accompanied a study order, see H4785	Similar To
H3693	Relative to property tax exemptions for rental properties in the town of Lincoln deed restricted as affordable housing	Accompanied a new draft, see H4004	Similar To
H3787	Relative to the sale of the property located at 616 Towne Street, North Attleborough, Massachusetts	Amended by substitution of a bill with the same title, see H4248	Similar To
H4258	Authorizing the Town of Hopkinton to establish a means-tested senior citizen property tax exemption	Accompanied a new draft, see H4389	Similar To
H4978	Authorizing the town of Westford to establish a means tested senior citizen property tax exemption	Accompanied a new draft, see H4998	Similar To
S1157	Relative to the expenditure of certain municipal and district monies	Bill reported favorably by committee as changed and referred to the committee on Senate Rules	Similar To
S1492	Repealing the property tax exemption for Massport lessees	Accompanied a study order, see S2497	Similar To
S1494	Regarding state income tax credit for renting unsubsidized properties at below market rents	Accompanied a study order, see S2497	Similar To
S1503	Relative to senior citizen property taxes	New draft substituted, see S2124	Similar To
S1644	Relative to the interest rate on tax-deferred property	Accompanied S1503	Similar To
S1652	Providing local property tax relief	Accompanied a new draft, see S2231	Similar To
S1729	Facilitating the transfer of property in the town of Tewksbury	Accompanied a study order, see H4683	Similar To
S1881	Relative to energy efficiency improvements	Accompanied a study order, see S2498	Similar To
S2124	Improving real property tax abatements, application deadlines, and deferrals	Reprinted as amended, see S2135	Similar To
S2160	Relative to clarifying property tax exemptions for solar and wind systems	New draft substituted, see S2364	Similar To
S2496	Order relative to authorizing the joint committee on Financial Services to make an investigation and study of certain current Senate documents relative to financial services issues	Discharged to the committee on Senate Rules	Replaced by
S2619	Creating senior tax relief in the town of Carver	New draft substituted, see S2670	Similar To
S2620	Authorizing the town of Sutton to grant real property abatements to certain military personnel	Bill reported favorably by committee and placed on the Orders of the Day for the next session	Similar To
S2670	Creating senior tax relief in the town of Carver.	Signed by the Governor, Chapter 299 of the Acts of 2018	Similar To
S483	Relative to pesticide applications	Bill reported favorably by committee as changed and referred to the committee on Senate Ways and Means	Similar To

Bill

Bill Name

Last Action

Type

H1557

To broaden eligibility for relief from disproportionate property tax burdens

No further action taken

Similar To

H1570

To insure fair taxation of affordable housing