``A 103-year-old woman and her 83-year-old daughter were just moments from being evicted from their home Tuesday, when sheriff's deputies and the moving company hired by the bank decided not to go through with the action... State Senator Vincent Fort told Young on Wednesday that the loan is held by Deustche Bank but is being serviced locally by Chase. Family members said they had enough money to pay the loan, but were having a difficult time getting Chase to accept a payment.''
ignats at 23:17 2011-11-30 said:
Just for the record, the old lady is no longer the owner of record.
She sold the home to her 83 year old daughter who then sold to the grandson who took out a loan in the principal amount of $17,500.00.
Between the 3 of them they did not make the payments!
The lady wants to stay in a house that she has not owned on almost 2 decades and the house foreclosed over 2 years ago.
It is so sad that the comments are full of rage against banks but not much about the fact this issue was caused by the family themselves.
I have been away for a while but just had to comment on the fact SHE WAS NOT THE OWNER OF RECORD! Permalink
Aaron at 15:57 2011-12-02 said:
Interesting information, where did you find it?
Still, I think the point is that throwing people out on the street is not necessary. At least let them get a loan mod or rent, even if the ownership changes or reverts to the bank! Permalink