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old man neri old man neri is offline
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Join Date: Jul 2007
Location: Halifax, Canada
Posts: 1,216
So she took out a mortgage and a line of credit and can't pay? So they want to evict her? I don't understand what is the big deal. From what I gather the home was already paid off seeing as it was bought in 1970. This article fails to mention if the woman has a job, or what she did with all the money.

Don't take out a line of credit and a mortgage if you don't have any sort of plan as to what you are going to do with the money and how you are going to pay it back. A 30 year mortgage for $45K is not exactly high monthly payments.

I don't understand how she is a 'symbol of the mortgage crisis' Can someone please explain this to me.
Old 10-03-2008, 04:43 PM
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