An Act protecting homeowners from unnecessary foreclosures

This bill amends Massachusetts law to protect homeowners from specific restrictions when selling their properties to charitable organizations or entities controlled by them. It prohibits lenders from requiring buyers with tax-exempt status to sign agreements that limit who can live in the home or make such clauses unenforceable. Additionally, the bill prevents these entities from demanding a share of the home's future value increase as a condition of the sale, provided the buyer is warned about this requirement before closing. The legislation also grants the Attorney General the authority to create rules interpreting these new protections.