Senate passes amendment to end equity theft in Massachusetts [Video]

FIVE. DAVID, THANK YOU FOR THAT. FINALLY. NOW ACTION ON BEACON HILL TO END THE PRACTICE KNOWN AS EQUITY THEFT, WHERE CITIES, TOWNS AND EVEN PRIVATE COMPANIES CAN FORECLOSE ON A HOME FOR TAXES OWED, SELL IT AND THEN POCKET THE PROFITS, THE U.S. SUPREME COURT RULED THAT UNCONSCIOUS ANGEL A YEAR AGO. FIVE INVESTIGATES KAREN ANDERSON HAS BEEN REPORTING ON THIS ISSUE SINCE LAST SUMMER, AND KAREN, IN ALL THAT TIME, LAWMAKERS HAVEN’T MADE A MOVE TO STOP THIS UNTIL NOW AND JENNIFER THE MASSACHUSETTS SENATE UNANIMOUSLY PASSED A BUDGET AMENDMENT LAST NIGHT THAT WOULD END EQUITY THEFT ACROSS THE COMMONWEALTH. THOUGH THIS IS DIFFERENT FROM THE BILL WE TOLD YOU ABOUT ON WEDNESDAY. THE AMENDMENT’S AUTHOR SAYS IT HAS STRONGER PROTECTIONS FOR HOMEOWNERS AND THAT INCLUDES GIVING HOMEOWNERS TEN YEARS TO REPAY TAX DEBT, CUTTING THE INTEREST RATES ON THAT DEBT IN HALF TO 8%, AND PUTTING ANY …