The Massachusetts legislature is considering a bill that would allow cities to require banks to pay for the upkeep on foreclosed properties. It is an effort to revive local laws that were struck down in court.
In the midst of the foreclosure crisis in 2011, the Springfield City Council approved two anti-foreclosure ordinances. One required banks to post a $10,000 bond with each foreclosure. The city could use this money to maintain foreclosed properties if the banks failed to do so.