Wednesday, April 16, 2008

Loan Servicer Calls Off Tenant Foreclosure Eviction; Agrees To Negotiate With Boston Officials

In Boston, Massachusetts, the Boston Herald reports:
  • City officials announced last night that a tenant eviction scheduled for this morning at a foreclosed Dorchester property has been called off indefinitely, giving relief to nervous renters there. Wells Fargo, which services the loan for 200 Norfolk St., has agreed to call off the eviction and negotiate with city officials about a possible sale or extended lease for the tenants, said Michael S. Kelley, administrator for the city’s Rental Housing Resource Center.

***

  • City officials said City Life/Vida Urbana had circulated plans to hold an eviction blockade at the property, a tactic that has increased in recent weeks amid the national foreclosure crisis. [...] “Working with servicers, the city of Boston will continue to keep people in homes and try and work out solutions to keep our properties occupied,” said Dot Joyce, a spokeswoman for Mayor Thomas M. Menino. “Wells Fargo has been cooperating . . . We will take our time to sit down and see if something can be worked out.”

For more, see Facing eviction, Dorchester tenants get breathing room.