There's a grim new twist to the wave of foreclosures ripping through Boston's poorest neighborhoods.
It's called the "rescue scam."
Hundreds of home and condo owners in Dorchester, Roxbury, Mattapan and Hyde Park are faced with losing their homes to foreclosure after signing on with high-interest-rate lenders.
Now, a cottage industry of shady small-time speculators has sprung up to target these struggling homeowners, neighborhood activists report.
One popular tactic: persuading a beleaguered hom.... Read More...