Elderly woman laments American Home M...

Elderly woman laments American Home Mortgage woes -

There are 2 comments on the Newsday story from Aug 7, 2007, titled Elderly woman laments American Home Mortgage woes -. In it, Newsday reports that:

When Luveria Hazelwood refinanced her home with now-defunct American Home Mortgage in January, she was told her monthly mortgage payment would drop from more than $3,000 to just over $1,800. The 75-year-old ...

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Cindy

AOL

#1 Aug 7, 2007
I'm sure this retired nurse was taken in by a GREEDY
loan officer. Typical! This must stop-
OMG STOP

Jackson Heights, NY

#2 Aug 9, 2007
Did you sign the papers at the closing or did someone else sign them for you? If you received an ARM than you must have signed an ARM disclosure. I guarantee that you if you find and look at the SIGNED documents from the closing, thats what you did. I also guarantee its your signature on there. Did someone FORCE you to take this loan...doubtful. YOU SIGNED FOR IT! Stop the nonsense people. If YOU SIGNED for the mortgage than its your RESPONSIBILITY to 1) know what you are signing (All you have to do is read the documentation...oh I'm signing something that says the rate can adjust....that must mean my rate can adjust...see how easy that was) and 2) pay the debt that you owe. Stop crying now that you cant make your payment. Chances are you lied on your application to get the loan in the first place. Stop whining. Its not the banks fault if you signed something YOU cant pay for. As a matter of fact they should take you to court for signing the papers and not making good on your contract to pay it back. Basically the bottom line here is did you sign the papers at closing...and the answers here people is....YES YOU DID. Nuff said.

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