senate 01Foreclosure bill passes state Senate

 

This is a masslive.com article.

 

BOSTON — The Massachusetts Senate on Thursday passed a bill that would allow cities like Springfield to require banks to post a bond that can be used to maintain vacant, foreclosed properties.

The bill that passed was a narrower version of a bill that lawmakers declined to vote on Wednesday over concerns that it was too vague.

State Sen. Eric Lesser, D-Longmeadow, said on the Senate floor that the bill “preserves Springfield’s ability to take measures to protect property values and to fight the foreclosure crisis,” according to a State House News Service transcript.

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