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Category Archives: David
Hey guys, I called up Amy Tyra, who is a landlord in Dorchester who was foreclosed on. She is very nice, and agreed to an interview at her house on Sunday at 1 PM.
Just keeping you guys in the know.
-David.
20% discount at an upscale Venice restaurant, due to the subprime mortgage crisis.
-David.
I went down to City Life. Unfortunately Steve was not there and I had to leave to go to work, but a nice guy gave me a press release indicating that the organization was holding a press conference about a proposed tenant eviction law tomorrow at 9 am at the Edward Brooke Courthouse on New Chardon St.
In addition to reps from City Life, a lawyer for a family being evicted will be there. At 10 a.m. there will be another press conference at City Hall where City Councilor Mike Ross will introduce a home rule petition.
It would be great if we could get cameras at one or both of these pressers. Attached is a PDF of the first press release.
-David
Press Release
I just got out of an interview with ISD about an hour ago.There wasn’t anything earth shattering going on, but they did indicate that there has been a rise of foreclosures in what were previously triple deckers turned co-op. They indicated that many of these investments were made without the income to back it up, and all it takes is one unit out of the 6 to enter foreclosure before the whole building becomes foreclosed. -David.
http://www.chapa.org/calendar/?event_id=268
United Way is putting on this “Stable Tenancy” group hug on April 4th.
This article on msnbc.com indicates that realtors are organizing bus tours to show off foreclosed homes to prospective buyers. I wonder if realtors in Boston do this?-David
There was a hearing at the Statehouse today on bills to solve the foreclosure crisis. An interesting note is that some 50,000 more Foreclosures are expected in Massachusetts this summer, when more subprime mortgages have their interest rates reset.-David
This article comes from my hometown. It describes how people were tricked into taking out very poor subprime mortgages, and the steps being taken to prevent scammers from taking advantage.
Apparently the Massachusetts AG is holding a public hearing on Monday at 10 am that deals with mortgage lending practices. Eric in particular may benefit from going to this. -David
