The City instituted a curb on condo conversions in response to increases in “no fault” tenant evictions, limiting conversions via a lottery to 200 per year. Currently there are 2,391 homeowners waiting in line for their chance to convert their tenancy-in-common mortgages into less costly and restrictive joint tenancy instruments.
This Saturday the 14th, evicted tenants and foreclosed homeowners will tell their stories of the impact that bank’s greedy actions have had on them. Banks will be put on notice: You Will Be Held Accountable! Actions will culminate in a January 20th shutdown of San Francisco’s Financial District.
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