Pro-Foreclosure Bill Supporters Gather Before the State House in Bay State
The housing advocates and homeowners battling foreclosure crowded before the State House recently to show their support for many bills that are aimed at slowing the pace of foreclosures and ensuring more equitable treatment towards the house owners and the tenants
There was a strong crowd at the hearing before the Joint Committee comprising of law makers, house owners, renters and community groups. There were also present lawyers dealing with real estate, owners of small properties and representatives from the lending industry.
Sen. Harriette Chandler (Democrat/Chandler) said “Under current state law, tenants can be evicted without just cause—leaving our most vulnerable residents on perilous ground.” Chandler was one of the main initiators of the bills trying to give protection to the tenants staying in foreclosed houses. They were being thrown out without any proper reason.
Gladys Vega of Chelsea who is community campaigner blaming the predators for this situation said, “You have to do something to help the tenants in foreclosed properties. I was proud that we were staying stable. Things were better for tenants. But it has gone downhill because tenants have to leave the properties.”
Proposals in the bills are being made for putting into operation foreclosure mediation by which the owners would have the right to talk directly with the lenders. Further there would be six months hold on foreclosures for the allowing of time to discuss and put into effect modification. Another proposal was the passing of an act that would necessitate the sanction of the court before proceeding with the foreclosure process.
Those speaking on behalf of the bill for judicial foreclosure quoted the recent ruling given by Justice Long in Massachusetts Land Court that had led to the invalidation of two foreclosures in Springfield. The judge had said that it was not clear at the time of filing the foreclosure who was the owner of the loan. This decision has the potential to put thousan
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