Dorchester triple-decker funny business
By adamg - Thu, 08/21/2008 - 9:15pm.
Chris Lovett continues his exploration of the shark-infested triple-decker/condo market in Dorchester:
... A review of more than 200 conversions over the last two years in Boston - mostly in Dorchester and Roxbury - shows more than 100 foreclosure filings against owners who bought more than one unit, sometimes in the same building. Names that appear as unit buyers with mortgage trouble sometimes turn up later as investors converting more units, or as people with power of attorney to represent other buyers.
Earlier:
Triple-decker condo flipping still going on in Dorchester.
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That's odd
I don't know what Chris Lovett could possibly be talking about.
As everyone knows from what you read in the newspapers (namely, the Boston Globe), the only people who took out loans that are being foreclosed on are poor innocent people who were taken advantage of by the big greedy banks.
Speculators? Investors? If this was true, wouldn't the real media be covering it?
Nice try, independent press.