A sixty-year mortgage?
They couldn’t wait until he just passed away naturally? He’s 90 years old and the property will still be there..................
“Last week Hodges was evicted, literally taken from his home on a stretcher, after a two-hour standoff with U.S. marshals.”
Why are US Marshals involved in an eviction on a private bank foreclosure?
A mortgage at 90???
I sympathize with the man for what he went through with his wife and I deeply appreciate his service to his country.
But if you borrow money you have to repay it.
Unless you’re the US Government, of course.
Poor man. It seems as though something could have been done, other than this.
Unless he got a mortgage to pay for wife’s medical expenses,how can he have an unpaid mortgage after living in the house for 60 years.
Probably “If you like your house, you can keep it”.
A bank kicking a 90 yr old vet from his home. Brilliant, not! If the management at the banks weren’t total butt heads, they could have turned this into PR gold for the bank. Cover his damn mortgage at least until he gets back on his feet.
The bank would have more goodwill from that gesture alone than any equivalent commercial could buy them. Instead they follow their rules to the letter of the law and look like dunderheads. Now they’ll have to spend more money to counter their poor choice of a move; and how many customers will they lose in the process?
He’s only 20 years older than me. I plan to close my M&T account in the next few days to protest.
What sort of fundraising or donating would have taken the house out of his name? Doesn't make sense. This looks like a case where a legitimate GoFundMe type campaign would have raised the money easily.
If he lived there for 60 years, why is he still paying a mortgage? Seriously, I’m 12 years into my 30 year mortgage, and my wife wants to refinance, get money “out” and pay off the credit cards. My thinking is forget the credit cards, keep paying the mortgage. The only thing I care about is paying it off, perhaps (hopefully/prayerfully) early. If we refinance, go for the 15 year, and lower interest/payments, then sure, but I do not want to add a single day to that bill.
My dad had to move in with me after he retired because the house I grew up in was refinanced multiple times to “get money out, pay off bills, etc.”. It’s just not worth it - pay the thing off, and be done with it.