Worcester Anxious To Take Quick Steps Against Further Foreclosure Damage

Posted on June 27, 2008
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The city council of Worcester is anxious to take quick steps against further damages being caused by foreclosures. It has one of the highest numbers of repo homes in Massachusetts State.

Among the measures wanted is a six-month moratorium on foreclosures, protection for tenants from foreclosure related problems and channeling the foreclosure suits to a Superior or Housing Court Judge instead of to Land Courts. The councilors voted in one voice to support these three petitions that were modeled on approvals made in Boston. The city authorities will be given extra teeth to its foreclosure related actions if the state legislature remains sluggish to its response to the crisis.

Fredrick C. Rushton, the Councilor-at-Large, commented, “There’s been inaction by the Legislature. Our action is clear action that we need relief.” He is also vice chairperson of the Council. He reiterated that their stand is unambiguous and loud. The city fathers want action and if they fail then they will take up the sword themselves.

Before the start of the scheduled council meeting at 7 pm, neighbouring activists held demonstrations in front of the City Hall demanding immediate action to help borrowers and tenants caught in this foreclosure imbroglio. Michael J. Germain and Gary Rosen, two other Councilors-at-large and District II Councilor Philip Palmeieri also joined the rally. Former Green-Rainbow Party candidate for the council, Grace Ross organized the demonstration with local supporter for the cause, Cha-Cha N.Connor.

Ross bemoaned that things are turning ugly in Worcester. Not only are there borrowers facing foreclosure related eviction but it is the same story for tenants living unwittingly in foreclosed houses.

Another problem is that foreclosed units are affecting the sales prospects of neighbouring houses. Helen Beaumont is one of them stuck with her house on East Side because of being hemmed in by foreclosed units. The latter have become havens for drug addicts, thieves and vandals. No families can be seen living around anymore.

There were many other problems taken up by the council like the fate of street vendors and the like but the main focus has been on the foreclosure problem – it being the main cause for the colour and health of the city.

The sub-prime increase in mortgage rate was largely held responsible for this meltdown. But even after the rates have been corrected foreclosures continue to flood the country mainly because of the fall in the real estate market. This has become a vicious circle.

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