The Home Front

Son Wields Gun to Stop His Mom's Eviction

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August 15, 2008 RSS Feed Print
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The more foreclosures, the more stories like this...

From the Associated Press:

Authorities say a son held Bergen County [N.J.] sheriff's officers at gunpoint as they tried to evict his 88-year-old mother from her foreclosed home.

Officials say John Brennan threatened two officers with a .22-caliber handgun.

Officers talked to the 60-year-old, who surrendered after about five minutes when a SWAT team arrived Tuesday.

Beatrice Brennan had refinanced her two-bedroom, $250,000 home and had fallen behind on payments. The house was sold at a sheriff's auction in May.

Real estate agent Donovan Stewart tells the Record of Bergen County he's "never had anything like this happen before."

Tags:
foreclosures,
housing market

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Should the Mortgage company have the right to sell the house without giving the homeowner a reasonable chance to get some financing, I suppose in the USA that maybe the way, no ifs, buts, or maybes, Here in Canada the lenders (morgage companies) are obliged to negotiate with home owner, and provide some

leeway for the home owner to rearange the payments, extend the time lenght with an added interest for the delay. The morgage company cannot lose by being curtious and understanding that

people do fall into hard times, and it is to their advantage

to keep the owner stay put, If the owner is willing to renogtiate the payments, why not extend some compassion? It works in Canada.

L Solwyn 9:39PM August 16, 2008

The Home Front

Associate Editor Luke Mullins tracks the treacherous housing market and explains how to unload a five-bedroom McMansion or even find that dream home.

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