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.
2007-09-19 22:37:35 · 6 answers · asked by ☺☻☺☻☺☻ 6 in Business & Finance ➔ Renting & Real Estate
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.
2007-09-19 22:58:39 · update #1
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.
2007-09-20 01:52:08 · update #2
She should be safe from her creditors. But you might consider getting all of her info and then getting a free consultation with an attorney who specializes in elder care law. Your mother may have a substantial lawsuit against the lenders who victimized her and an attorney may handle it for her on a contingency basis, which means that legal fees would be paid out of any award she might get.
2007-09-20 01:57:08 · answer #1 · answered by Anonymous · 1⤊ 0⤋
contact www.naca.com immediately to see if they can refinance and stop the forclosure. NACA is a non-profit housing advocacy group. They lend their own money for mortgages and they got their money from a huge lawsuit they won against a predatory lender a few years ago. Now they use that money to get others out of the clutches of predatory lenders, but they can't help everyone. I would start with them and I would also contact your state attorney general's office (state where your mom lives) because preying on someone with an incapacity like that is basically elder abuse. I would also contact every newspaper and media outlet and shine a light on that mortgage company that took advantage of your mother. That is a sick thing to do that to someone without the mental capacity to know what they are signing and I don't think it is legal at all. Make a stink!
2007-09-20 08:03:21 · answer #2 · answered by Anonymous · 1⤊ 0⤋
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.
2007-09-20 08:44:31 · answer #3 · answered by Roland'sMommy 6 · 1⤊ 0⤋
My heart goes out to you and your family; this is a horrible situation. I would contact the AARP as soon as possible, and please read through the information in the link I've provided.
I wish you, your mother, and your family the best of luck . . .
2007-09-20 05:48:18 · answer #4 · answered by AgonyAuntie 4 · 1⤊ 0⤋
If she's retired, she's legally judgment proof. Let the bastards suck eggs, they can't get anything from her.
2007-09-20 06:22:32 · answer #5 · answered by Bostonian In MO 7 · 3⤊ 0⤋
Your should call the FTC 877-FTC-HELP. It isn't right that your mom should lose her home.
2007-09-20 07:29:58 · answer #6 · answered by Alterfemego 7 · 1⤊ 0⤋