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Archive for March 10, 2008
Boston Globe - Foreclosing Costs
March 10, 2008 by Chinatown Blogger.
Boston Globe Article March 9, 2008
http://www.boston.com/realestate/news/articles/2008/03/09/foreclosing_costs/?page=1
Recently, we had posted an article about if Chinatown was affected by the slump in the housing market. This article from the Boston Globe came across my path about a foreclosure in Eastie and how the family was not informed until the day of eviction. So, while Chinatown may be insulated somewhat from the housing slump, the evidence is happening in other communities.
The Globe article is written by Ric Kahn (who has written a number of stories on Chinatown in the past) and tells the story of a Chinese family living as tenants in East Boston and were evicted when their landlord, Gaspar Vetrano, foreclosed. The problem was that Mr. Vetrano continued to collect the rent and never informed the family he was foreclosing until the constable showed up at their doors and threw them out the street!
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