“I had one year left on my mortgage, and it would have been paid off, I wanted to live here for as long as possible.”-Linda Hatchel

Linda Hatchel spent decades, and tens of thousands of dollars renovating her Chicago home.

What makes it all the more terrible is that more than twenty years ago she paid about one dollar for the home.  It was a demolition sale.  She took out loans to renovate the house, but her cancer treatment, and the loss of her job left her unable to make the final payment (she had one payment left), now she’s about to become homeless.

In Texas, 101 year old Texana Hollis was evicted from her home this week. In 2003, her son asked her to sign it over to a reverse mortgage company for $32,000 to help with home repairs.  Despite claims that reverse mortgages can keep you in your home, the bank kicked her to the curb.