Friday, September 18, 2009

Ailing Senior Loses Home To Foreclosure Despite Paying $3K To Foreclosure Rescue Operator To Resolve Mortgage Problem

In Tauranga, New Zealand, The New Zealand Herald reports:

  • An ailing retired man has lost his home of 22 years and thousands of dollars after agreeing to have his mortgage handled by a supposed charitable trust. [... Don Clark, 65,] first fell into debt after a vicious assault in 2006 left him with serious head injuries and impaired vision. He was unable to work for 18 months. Still suffering from chronic headaches two years later, he tried to resolve his escalating mortgage problem to reduce the stress on his health.

  • A friend recommended Hamilton-based group Home Rescue, which offers help to homeowners who have lost their income or are facing foreclosure from the bank. [...] But despite paying the group $3000, his finance company Liberty Financial took him to court in July, and repossessed the house he had been living in since 1987. Home Rescue did not return his calls. The trust, which he gave power of attorney for his house, did not appear for him in court, and his property was forfeited.

For more, see Ill man blames charitable trust for losing home.

See also, Bay of Plenty Times: Bashing victim loses house.

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