Foreclosure activists and one Dorchester resident celebrated a momentary victory in Dorchester on Monday morning.
James Reardon’s home at 25 Moultrie St. was supposed to be foreclosed on and auctioned by Bank of America, but according to Reardon the bank postponed the auction.
Although nearly 25 people had gathered at the property in Dorchester to disrupt and protest the bank’s actions in the community, they celebrated instead -- even though Reardon fears the bank will be back.
“It’s not resolved, Bank of America is going to come back in a month or so and do the same thing,” Reardon said.
Reardon, who started the Boston Dance Company and who has lived in the house for 58 years, said his biggest problem is finding out what exactly he owes and to whom.
“I was receiving three to four letters a day from different companies telling me different things. Now my mortgage is transferred to Bank of America, and they don’t want to talk to me,” he said.
Reardon’s neighbors also gathered out in front of his home to lend support to someone they have lived next to for decades.
“They [Bank of America] took advantage of people. This isn’t a house to them. It’s a number and just another house in Dorchester,” said Dan Willis, a 60 year-old consultant that lives across the street from Reardon.
Although this is just a postponement, Reardon and the group City Life, which organized the protest, won’t be giving up anytime soon.
“We will be out here till it’s over,” said John Wyche and organizer for City Life.
Currently, Reardon is in the process of obtaining a new mortgage through Boston Community Capital.