Thursday, August 23, 2007

Boston Battle Intensifies Between Tenants In Foreclosure Evictions & Deutsch Bank

BostonNow reports:
  • "The rift is growing wider between tenants being evicted from two buildings in Dorchester and Roxbury and the bank they blame for the evictions. Residents met this week with Deutsche Bank officials and later expressed their outrage and frustration. "We're saying to them, 'It's really unjust for you to come into our communities and empty out buildings that will most likely stay empty and really harming people,'" said Cheryl Lawrence of tenant rights organization City Life-Vida Urbana. "Unfortunately they don't seem to get that - it was shameful.""

Deutsch Bank's position is that, as a trustee over a pool of mortgages whose sole responsibility in these matters is dictated by the trust agreenment that creates the mortgage pool, it has no say in the evictions; it claims that responsibility for the decision-making rests with the mortgage servicing companies. For more, see Deutsche Bank and tenants rift grows (Fight is over evictions after foreclosures).

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