Elderly Oak Harbor woman loses house in mortgage confusion

[Yo_Mama_Been_Loggin]

An elderly Oak Harbor woman is likely to lose her home after a lending company mistakenly determined she no longer lived there and had it foreclosed.

Chieko Durham, 89, has lived alone in her Fairhaven Drive residence since 2020, when her husband John, a Navy veteran, was transferred to a Freeland assisted living facility. The Durhams had taken out a reverse mortgage with a California-based lender two years previously.

A reverse mortgage allows a homeowner, typically an older couple or individual, to supplement their income by tapping into their home’s equity. One requirement of such an agreement is that the borrower continue to live in the home.

According to Jason Joiner, the Durhams’ lenders attempted to contact Chieko at her home in August 2021, after learning that John no longer lived on the property. Joiner is a former chief deputy of the county assessor’s office with a background in real estate. He learned of the Durhams’ situation through a relative, who is the Durhams’ neighbor.

https://www.heraldnet.com/news/elderly-oak-harbor-woman-loses-house-in-mortgage-confusion/

[Tetrachloride]

1. Fraud, elder abuse.

I’ve seen it before.

But the judge glossed over everything in 30 minutes.

Let’s hope that pressure is brought to bear on the mortgage company.

[Deuxcents]

2. Her senators or reps should get involved..

They work for the taxpayers so they can get their resources to get this issue fixed. How is this even allowed to happen?

[IA8IT]

3. Tom Selleck says that doesn't happen with reverse mortgages

Tom Selleck should fix this.