US EditionWhen Seniors Face Expensive Home Repairs, the Solutions Can be a Lifeline…Or Leave Their Families an Inheritance of Debt
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When Seniors Face Expensive Home Repairs, the Solutions Can be a Lifeline…Or Leave Their Families an Inheritance of Debt
CHICAGO — LaShon Minter Williams is waiting for a letter that could arrive any day now — one that may force her to leave the home her family has owned for generations. She can’t afford to pay off the mortgage on the West Side home all at once. But she shouldn’t have to. Twelve years ago, her grandmother, Louise Minter, was tricked into a reverse mortgage scheme on the premise of home repairs. But the repairs never came, and the equity in the ho…
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