The Story:
In 2007, Sally was having trouble keeping up with her mortgage payments, and by September, she received a foreclosure notice in the mail. A few days later, she was called by a man who said he could help. He said she could have a check for $40,000 to help pay her bills, and she wouldnt have to worry about foreclosure any more. Sally signed papers in late October at a title company in Maryland. She went home with a $40,000 check and started making her new house payments to District Properties in December. Nine months later, Sally started having trouble making her house payments again. This time, instead of a foreclosure letter, she received an eviction letter in the mail. Sally gradually realized that she no longer owned her home; she was simply a renter. In a panic, Sally called District Properties. The man who answered the phone told her that Subprime Mortgage Co. held two loans against the house, one for $264,000 and one for $66,000, but she could buy her house back for $360,000 three times the mortgage she had a year earlier. Sallys income and credit were not good enough to buy her house at that price. The man said, Im sorry and hung up.
The...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
