“I signed and came home and gave the papers to my husband. He read them and ended up having a heart attack and [later] a stroke. He was in the hospital, and he said, ‘What are we going to do now? Our payments are going up. We’ll lose our house, everything. We’ll be in the streets.’ He was in the hospital for three weeks and lost his mind. He’s not able to think for himself or do anything. Sometimes he doesn’t remember things. My life changed from bad to worse.”
Ok, I only made it thru the the 2nd page and it does not make sense. The loan paperwork actually said what there payment was going to do.
You have 3 days to cancel the loan. Why didn’t they do it?
The purchased in 02 and refi’d in 05. They should have had plenty of equity for at least a year after the 05 refi. Why didn’t they refi to better terms?
It also said the opening bid was $1000 for there home. I don’t believe that is happening.
And finally it said that the home sold for 100K or 25% lower than the 02 price? Another suspect comment…
The story seems made up….? Or did the reporter leave out facts, like they cashed out a bunch of their equity for toys in 05. Something is fishy?
