Saturday, February 24, 2007

Disabled Women Allege Theft Of Home Equity

Two Lodi, California women, blind since infancy and never able to work are on the verge of losing their home that they purchased free and clear only a few years ago, according to two online articles reported at Recordnet.com. Both are alleging to have been victimized by a former caretaker, whom both women befriended in 2004 when the caretaker was sent to the women's home by a home health-care agency two or three times a week for housekeeping and errands.

They allege that the caretaker convinced them to mortgage the home and then turn over most of the money to her, expecting she would make the mortgage payments. The caretaker acknowledges to receiving a $20,000 loan from the women. The balance of the mortgage loan, however, is listed at $320,000.

The filing of an 11th hour bankruptcy petition stopped a scheduled foreclosure sale last week. Local police are reportedly investigating whether a crime was committed. To read more, see:


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