Yesterday L sent me an article from the Arizona Republic titled 101-year-old Detroit Woman Evicted in Foreclosure. It sounds at first like an evil lender sends out some dastardly Snidely Whiplash-type to evict an aged grandmother. When you read the story though, you realize there’s more to it:
DETROIT – A 101-year-old woman was evicted from the southwest Detroit home where she lived for nearly six decades after her 65-year-old son failed to pay the mortgage.
Texana Hollis was evicted Monday and her belongings were placed outside the home. Her son, Warren Hollis, said he didn’t pay the bill for several years and disregarded eviction notices.
“I kept it from her because I didn’t want to worry her,” Warren Hollis told WXYZ-TV for a report that aired Monday night. “I was just so sure it wasn’t going to happen.”
Wayne County Chief Deputy Treasurer David Szymanski told The Associated Press on Tuesday that the Hollises took out an adjustable-rate mortgage in 2002. A default and foreclosure notice was filed in November.
“They ended up owing $80,000 on the home,” Szymanski said. “Warren indicates he did not make the payments. He got the notices, but threw them away.”
I remember visiting my great-great-aunt who was 102. She was doing pretty well for her age, but certainly couldn’t have managed or understood her finances. It is likely that Ms. Hollis is in the same position. It sounds like Ms. Hollis managed to pay off her house and keep it that way for many years. Then her son got involved.
The son borrowed against the house then didn’t make the payments. It would be interesting to know what the money was used for. The lender let them live mortgage free for years and sent multiple notices, all of which were ignored.
It’s awful to see an elderly woman put in this position. Ms. Hollis was indeed the victim of a “Snidely Whiplash”. Snidely, however, did not work for the bank, it was her own son. Sure, we’ve seen a lot of shenanigans on the part of lenders, but it is important to remember that there are still foreclosures that are the result of a borrower’s bad choices.