Bill Validator
Bill Validator
Proposed Bill Intends to Require Court Approval before Foreclosures in Massachusetts by Rudson Tren
Massachusetts Secretary of State William F. Galvin has announced plans to submit a legislative proposal in January to force mortgage banks across the state to obtain court approval before repossessing homes as part of foreclosure. The proposed bill is logically intended to give homeowners more protection and at the same time address specific concerns on how foreclosure procedures are actually conducted.
Secretary Galvin said the bill is a revival of a proposal that was rejected by state legislators in 2008. The aborted bill was turned down due to questions regarding the validity of foreclosed properties