101-year-old Detroit woman evicted in foreclosure

[garbon]

http://news.yahoo.com/101-old-detroit-woman-evicted-foreclosure-191726499.html

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."

County records show that property taxes were paid on the home through summer 2010. A winter tax bill of $55.95, including interest and fees, was unpaid, and a $778.44 summer tax bill was due this month.

A neighbor was letting Texana and Warren Hollis live in a rental house across the street from the home they shared, and Texana Hollis' belongings were being moved there. Others, including a nonprofit organization, were working to get her back into her home.

On Monday night, she was taken to a hospital for evaluation after she became disoriented.

Szymanski said county officials were asking questions and looking into what they can do to help. He said the county has worked with 10,000 taxpayers to keep them from going into foreclosure.

"The teachable moment here is for people not to stick their head in the sand," he said.

[Caliga]

teachable moment

[garbon]

Obama!

[OttoVonBismarck]

The most important rights are property rights, persons who accumulate debts and then do not pay them back have no moral right to the property they purchased using their creditor's money.

[garbon]

The most important rights are property rights, persons who accumulate debts and then do not pay them back have no moral right to the property they purchased using their creditor's money.

I feel like she probably wasn't capable of handling her own finances and then was done poorly by her son.

[Caliga]

The argument here, I think, is that this old lady was either too stupid or demented to know what she was signing.  To be fair, I would imagine most 101-year old females probably spent their careers as homemakers and don't know much about personal finance.

[Caliga]

I feel like she probably wasn't capable of handling her own finances

[Scipio]

Here's what happened: lady gets old, has nothing but the house.  Son bets that mama dies before the note gets unbearable.  His bet does not pan out.  He lets mama get foreclosed on.

WTG, asshole kid.

And yeah, I see this shit regularly.  Lots of old black people who get talked into stupid financial shit by their better educated but ultimately dumber kids out on their asses.  It's sad.

[Zoupa]

It dont get how she's lived there for 60 years yet still has a mortgage.

[sbr]

It dont get how she's lived there for 60 years yet still has a mortgage.

I can't speak for this case but up until the financial meltdown a lot of people used their houses as ATMs; constantly refinancing and pulling equity out as cash.  I can't think of any other reason a 101 year old would still be making a house payment.

[Zanza]

The article says the mortgage is from 1992. I guess the house was fully paid before.

[Martinus]

Let her die! Let her die! Yeah! USA! USA! USA!

[Tamas]

Let her die! Let her die! Yeah! USA! USA! USA!

Oh, and irrational dislike/envy of the USA is also a very east euro bluecollar shittery you happily subscribe to. You can't deny your roots.

[Darth Wagtaros]

I concur. Martty is exhibiting the noveu rich attitude common to 3rd worlders gazing in awed jealousy the splendor of the United States.

[jimmy olsen]

Actually, Marty is quoting something specific there.