City of Boston, Bank of America Announce Pilot to Preserve Tenancies in Foreclosed Properties

October 29, 2009 – (RealEstateRama) — Mayor Thomas M. Menino and Bank of America Corporation today announced a first-of-its-kind in the nation initiative to prevent tenants from being displaced out of foreclosed homes. The initiative marks the latest expansion in the City’s on-going efforts to meet all of the challenges presented by the foreclosure crisis