BOSTON (WWLP) – The State Senate voted 31 to 7 in favor of a bill that would benefit owners of foreclosed properties.
It’s a complicated issue. The proposed legislation would clear the titles of previously foreclosed homes. Many current homeowners are struggling to refinance their mortgages or sell their homes because of the uncertainty of their titles. People who have lost their homes due to illegal foreclosure believe the bill will limit the resources they have to recover.
Longmeadow State Senator Eric Lesser told 22 News he’s seen many homes foreclosed on in the Pioneer Valley. Lesser said, “I’m in support of measures that make sure that banks are accountable for some of the mistreatment and the wrong things that they did related to the foreclosure crisis that we’ve gone through in Springfield.”
The bill now heads to the House of Representatives for their consideration.