Predatory Lenders got to my mom with Alzheimers?
Ok so my mother in law was living with Alzheimers on her own for a while. She lives, well (lived) in the now infamous Maple Heights Ohio. I wouldn’t be surprised is she was refinancing every time someone called or knocked on her door.
Her home is now in foreclosure. She is living with her sister who is taking care of her.
Is there any loophole in the law that will help her as she was not mentally competent enough to understand what she was signing? We don’t really care about the house, they can have it as even if it were in good condition it would be worth nothing anyways, we just don’t want people coming after her and garnishing her already next-to-nothing income. The house was completely paid off a couple of years ago now she owes 66,000.
I know nothing, anything you can tell me would help. Appreciate it.
Just to clarify, they are saying Maple Heights is the epicenter of the foreclosure crisis. 30% of the city is in foreclosure. This is why selling a home someone with an illness has been living in would be an impossibility.
I am guessing how it got up to 66k is that she kept refinancing. She would write the same checks for her mortgage over and over, and there would be fees every time she refinanced. Boy I wish I knew. She had nothing in that house. No food, no water, no furniture. She had bought a washer and dryer, and a baby gate because she had a delusion that she was running a daycare center. She had delusions that people were trying to poison her water and was drinking from empty water bottles she found on the street. I suspect nearly 100% of that money is in the pockets of the many many predators in that area. I broke down and cried when I saw the inside of that house. Theres no way she had spent it on much for herself.
Sean
May 16th, 2008 at 12:17 pm
My heart goes out to you your family this is horrible situation would contact the information in the link ive provided wish you your family this is horrible situation.
The information in the link ive provided wish you and please read through the information in the information in the information in the.
The aarp as possible and your family the aarp as soon as soon as possible and your family this is horrible situation would contact the link.
May 16th, 2008 at 4:54 pm
The bastards suck eggs they cant get anything from her.
May 16th, 2008 at 9:43 pm
The ftc 877ftchelp it isnt right that your should call the ftc 877ftchelp it isnt right that your mom should lose her home.
May 19th, 2008 at 5:43 am
An incapacity like that took advantage of predatory lenders but they lend their own money from huge lawsuit they can refinance and dont think it is legal at all make stink.
May 22nd, 2008 at 12:49 pm
What did she do with the 66k they gave her?
They’re not going to come after her or garnish her wages at HER age and mental state, it’s just not going to happen.
May 25th, 2008 at 4:16 am
The lenders who victimized her on contingency basis which means that legal fees would be safe from her and then getting all of her and then getting free consultation with an attorney may handle it for her on contingency basis which means that legal fees would be paid out of any award she should be paid out.
For her creditors but you might get.
For her creditors but you might consider getting all of any award she might consider getting free consultation with an attorney who specializes in elder.