How can something like this happen ? answer: The system is broken.
Mortgage market clouds who owns woman’s house
By CARRIE TEEGARDIN
The Atlanta Journal-Constitution
Twenty years ago, Zella Mae Green bought a modest brick ranch house in DeKalb County with an American ideal in mind. The single mother of four, who raised her children working low-wage jobs, wanted to own something someday. And she wanted to pass something on.
“I was thinking that if anything would ever happen to me, the children would have a place they could come and stay,” said Green, a seamstress who is 68. “Their father passed away when they were young.”
reen says she has done her part, making payments on the house she bought for $40,000 to the series of lenders who have managed her mortgage over two decades.
But Citigroup and Wells Fargo say Green has failed miserably as a homeowner and is nine years behind on her payments. And they want to take the house.
“Nine years? There ain’t no way,” Green said. “Ain’t no way you can stay someplace for nine years without paying anything.”
AJC full story here
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