I don’t write too often about property tax foreclosures, but it is a topic of increasing importance for Massachusetts homeowners. A property tax foreclosure, compared to a standard residential mortgage foreclosure, is a judicial proceeding in court. A homeowner facing one of these cases is at risk for losing not just their home, but all of their equity in the property as well.
With the increase in these cases in Massachusetts, several lawmakers have introduced An Act Relative to the Improvement in the Process for Collecting Delinquent Property Taxes, which offers several reforms for these cases. The Massachusetts Attorney General recently came out in support of this bill, and her letter about this bill provides a good summary of tax foreclosures and how this bill would affect these proceedings.