It is my Guess! I think may be she borrowed $89k in 2000. 9 months ago, she refinanced with higher loan or got the equity loan. But the reporter did not mentioned it and “How Much Money did she Cash Out?”.
That’s because it’s called an equity strip. It is a well know scam by people promising credit or foreclosure help.
The key is ” And her name is no longer on the title. ”
Someone else took the money out and left her with the bill.
