Mass Live –
STATE HOUSE, BOSTON, SEPT. 17, 2015…..The Senate took a big step on Thursday toward giving some legal assurances to those who purchase homes in foreclosure, a controversial step opposed by the branch’s liberal wing.
On a 31 to 7 vote in its first formal session since July, the Senate passed a measure that would limit property title challenges to a three-year window going forward. The bill now goes to the House.
Proponents of the bill (S 1981) argue that lengthy periods when the home’s former owner can dispute the title leave new owners unable to sell the home or refinance a mortgage. Opponents say the change will strip recourse from those who were forced out of their homes in an illegal foreclosure.