An Act establishing a foreclosure review division
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill creates a new division within the Massachusetts Superior Court system called the Foreclosure Review Division. This division would be responsible for reviewing foreclosure cases to identify potential errors or irregularities. The goal is to provide an additional layer of scrutiny during the foreclosure process, potentially preventing unjust foreclosures and offering homeowners opportunities to challenge the proceedings. The division’s operations would be overseen by the court system and subject to established legal procedures.
Key provisions
- Establishment of a Foreclosure Review Division within the Superior Court.
- The division will review foreclosure cases.
- The division will identify potential errors or irregularities.
- Homeowners may have an opportunity to challenge foreclosure proceedings.
- The division’s operations will be overseen by the court system.
Who is affected
- Homeowners facing foreclosure
- Mortgage lenders
- Massachusetts Superior Courts
- Judges
- Legal professionals
Notable changes
- Introduces a new mechanism for reviewing foreclosure decisions.
- Potentially reduces the number of unjust foreclosures.
- Adds a layer of judicial oversight to the foreclosure process.
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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