Wednesday, June 2, 2010

Tenants Together Delivers Win-Win Proposal to JPMorgan Chase

Yesterday, Tenants Together met with representatives of JPMorgan Chase & Co., one of the largest-post foreclosure landlords, to talk about the nightmare situations tenants living in foreclosed homes are going through. Tenants Together hand delivered its Win-Win proposal to Peter Baker, Chase’s California Chairman and Steven Stein, Chase’s Senior Vice President of Home Lending.

Our Win-Win Proposal urges financial institutions acquiring foreclosed properties to, among other things, enforce a zero-tolerance policy for non-compliance with existing tenant-protection laws and to not evict tenants without just cause.

The Chase representatives acknowledged the urgency of the situation and committed to responding to the proposal quickly. We’ll let you know how they respond. Our thanks to the California Reinvestment Coalition for facilitating this meeting with Chase.

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