Foreclosed homeowners demand answers from Chase
Gerardo Ortiz (left) and Isaac Hodes refused to leave the Chase Homeownership Center on Wednesday evening, demanding to talk to a Chase representative about Ortiz’s case (more on the Ortiz case below). Outside, a crowd of around 100 from Lynn United for Change, the Chelsea City-Wide Tenants Association, Springfield No One Leaves, City Life/Vida Urbana, and community allies rallied in support. Both Ortiz and Hodes were arrested.
The Ortiz family is just one of three families at the rally who are facing eviction by Chase even though a nonprofit lender has offered to facilitate the repurchase of their homes at current market value. See more pictures from the rally here.
Gerardo and Blanca Ortiz bought their 2-family Framingham home 8 years ago. In 2008, due to temporary loss of income and family medical problems, they were at risk of falling behind on their mortgage. They hired a lawyer to help negotiate a modification, but the most they were offered was a reduction of $12 per month on their payments. In the end, their house was foreclosed on September 8, 2010. In November 2011 Boston Community Capital made a market rate offer to purchase the house, but Chase has turned down the offer and is moving to evict the Ortiz family. They will go to housing court on May 3 to fight the eviction.