Quote:
Originally Posted by Sundae Girl
How in the name of all that's holy does a 90 year old woman have a mortgage?!
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Quote:
In 2004, Polk took out a 30-year, 6.375 percent mortgage for $45,620 with a Countrywide Home Loan office in Cuyahoga Falls, Ohio. The same day, she also took out an $11,380 line of credit.
Over the next couple of years, Polk missed payments on the 101-year-old home that she and her late husband purchased in 1970. In 2007, Fannie Mae assumed the mortgage and later filed for foreclosure.
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If they bought the house in 1970, the mortgage was probably paid off.
Now in 2004, they gave a then 86 year old woman, $45k plus an $11k line of credit, but she couldn't make the payments?
Something stinks... where'd the money go?
10-05-2008, 10:08 AM
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