Massachusetts Senate has agreed to legislation aimed at preventing the continuation of so-called home equity theft. An amendment added to the fiscal 2025 budget would eliminate a municipality's ability to take a property owner's earned equity beyond what is owed in unpaid taxes and "reasonably incurred expenses."
The state Senate unanimously passed an amendment to its annual spending plan that would prohibit municipalities and private companies from taking the entire equity of a home in the event of a tax lien foreclosure, a piece of legislation that, if.
A year after the Supreme Court ruled it unconstitutional, Massachusetts lawmakers are finally making progress towards ending the practice referred to as equity theft.
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