Massachusetts House passes a bill to halt 'home equity theft' during tax foreclosures, aligning state law with a 2021 US Supreme Court ruling and increasing protections for homeowners.
Massachusetts House of Representatives passes bill to halt 'home equity theft' by municipalities during tax foreclosures. The bill aligns state foreclosure law with a 2021 US Supreme Court ruling, allowing property owners facing foreclosure to reclaim excess equity after settling all tax bills, and increases notification requirements and protections for homeowners. This marks a significant step in protecting homeowners' equity from being taken due to delinquent property taxes.
June 26, 2024
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