The latest proverbial American dream of home ownership happens to be an enthusiastic all-too-actual nightilies. Grab the case of Florence McKnight, an enthusiastic 84-year-dated Rochester widow who, […]

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The proverbial Western desire owning a home might a keen all-too-actual nightilies. Do the matter of Florence McKnight, an 84-year-dated Rochester widow who, whenever you are heavily sedated in the a medical facility sleep, finalized a beneficial $50,000 financing shielded of the their particular house for $10,000 from inside the new windows and other household repairs. Brand new terms of the mortgage required $72,000 inside the repayments more than fifteen years, and then she’d nevertheless are obligated to pay a good $forty,000 you to-go out payment. [Read more…]