Attention Massachusetts foreclosure Buyers !

[Dan Marriggi]

Last month, Governor Charlie Baker signed a new foreclosure law which aims to provide some certainty to those who have purchased homes in foreclosure. Effective in Massachusetts on December 31, 2015, those who lose their homes to foreclosure will have a three-year window to dispute the title and seek to reclaim their dwelling. This law helps protect bona fide purchasers by limiting the amount of time others can challenge the legitimacy of a foreclosure and sue for the title. After the three year period; the courts would view the foreclosure as proper.