Bill

Bill > H2349


MA H2349

MA H2349
To amend the foreclosure statute to require judicial foreclosure


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 require judicial review of foreclosures on residential mortgages. The Judiciary.

AI Summary

This bill aims to amend the foreclosure statute to require judicial foreclosure for residential mortgages on 1-4 family owner-occupied properties. It mandates that foreclosures must be initiated by filing a foreclosure complaint in the Superior Court, where the mortgagor can raise legal and equitable claims and defenses against the mortgagee or any related party. The court will have the authority to modify the mortgage or grant other appropriate relief to the mortgagor, while also protecting the rights of tenants or other legal occupants residing in the property. Additionally, the court may set aside a default judgment for good cause shown.

Committee Categories

Justice

Sponsors (14)

Last Action

Accompanied a study order, see H4874 (on 08/09/2018)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...