Tuesday, August 21, 2007

Upstate NY Widow Loses Home By "Helping A Friend"

The Times Herald-Record reports on a 76 year old, Warwick, New York widow who "made the mistake of taking out a $236,000 mortgage on her home at the request of her friend's son-in-law ... who told her he needed the money for his business. Then she left the payments in his hands — and he didn't pay a dime. One foreclosure later, [the widow] no longer owns her home." The friend's son-in-law, Mitchell Ames, also had his name added to the title to her home as part of the refinancing transaction. Once he got the cash, the widow reportedly said that she never heard from him again. When reached for the story, Mitchell Ames had no comment other than to say that he wasn't a thief who wouldn't take advantage of anybody. For more, see Trust turns to terror for Warwick widow.

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