The family has owned this property since the 1950s, yet the last few years have been turbulent.
We had offered her $1,000,000 two years ago, but she wanted to retain ownership, and eventually build out the property, like her dad envisioned.
Instead, the daughter borrowed a total of $140,000 in two different second mortgages to try and cure her default on the $649,000 first loan, but in both cases turned right around and threatened to sue the lenders for elder abuse – the property was in her mother’s name.
In both cases, the lenders succumbed, and walked away with nothing.
Recently she filed for bankruptcy, and has been able to keep postponing her foreclosure as a result. Not sure what else she has up her sleeve…..??