• Pere

    ‘ “I couldn’t believe that a group of people were able to do what my legislators couldn’t do for me or what the courts couldn’t do for me,”… ‘

    Not “couldn’t.” Wouldn’t.

  • GBB

    I can certainly sympathize with the plight of being foreclosed on, and the fact that there are several organizations popping up dedicated to helping these people from being evicted is no surprise.

    However, I have a problem with the fact that no where was it mentioned in this very one sided article that the reason these people are being foreclosed upon in the first place is that they did not make their mortgage payments on time! For whatever reason, they broke a contract (stopped paying back money they owed) with an institution that lent them hundreds of thousands of dollars to go buy a home! If you are going to publish an article on foreclosure, please have the decency to point out why these people brought this on themselves in the first place.

    Try skipping a few car payments and see what happens.

  • Mike

    The mortgage history of Ms. Drusilla Francis home at 197 Normandy Street, Dorchester Massachusetts.

    1996
    197 Normandy purchased by Drusilla Francis for $81K

    1996
    $77K as 2 mortgages

    1998
    $127K mortgage

    1999
    $170K mortgage

    1999
    $180K mortgage

    2001
    $204K mortgage

    2003
    $265K mortgage

    2005
    $454K mortgage

    2010
    Foreclosure sale at $243K (Where she buys it back)

    And the cycle begins again…

    2010
    $295K mortgage for Drusilla Francis with cosigner
    ——-

    So, she was able to extract about $200,000 from the banks and keep her home? This does not sound like a good example of a homeowner being abused by the system. Quite the opposite.

    http://www.bostonreb.com/2011/11/boston-real-estate-theres-more-to-the-story/