On the front line of foreclosures

The city bought 50 properties, including 113 units. All but two properties have been sold or designated to a homeowner or developer.

I’ve heard that it has been difficult for the city to unload properties once purchased. Is that true?

When the crisis first came, the city’s plan was to purchase properties in targeted areas. We’ve come to the conclusion that it is better if new homeowners, nonprofits, and responsible investors do that. They can move more quickly. The city doesn’t want to be in the business of owning properties.

The program started along Hendry Street in Dorchester, which at the time was the hardest hit spot. What does it look like now?

There is only one building in that several block area that still needs to be renovated and that will start soon. The neighborhood is organized and has founded a neighborhood association. They are working closely with police and other key city agencies. It is a real success story.

What have been the biggest challenges in making the program work?

Making sure that the properties that are foreclosed on get into the right hands.

That doesn’t always happen?

There are responsible private developers buying and fixing up properties but there are also investors that need to be watched more closely. The mayor recently filed a problem property ordinance in the City Council that will give us more tools to go after investor owners who aren’t doing the right thing.

I receive many calls from people interested in purchasing a foreclosed home. What advice can you give them?

For a lot of people, it is a very good idea. Prices are lower than they have been. But, a lot of these properties need extensive work. Homeowners need to be really careful and get solid property inspections. The city can provide down payment and technical assistance. Those interested should call the mayor’s Home Center, 617-635-HOME.