Sounds like she stopped making payments not only on her mortgage but also her electricity, her water, her swerage, her phone, her credit cards, and every other bill that was coming in........
30 years living in the same house and she re-mortgages? Wonder what she did with the cash............
There certainly is a heck of a lot more to this story than is being reported.......
She’s also been living rent-free for at least 13 months.
She must have paid her electric bill because she answered the door bell.
I agree, but assuming that she is not addicted to gambling or drugs, my guess would be that it's not her, but her kids who are the reason she is broke. I have read about some cases where the parents went through their retirement savings bailing out their adult kids.
Sad stories in some cases.
Kids went into debt and were in danger of losing their house, and unable to get another decent paying job so the monthly expenses to bail them out continues until everyone runs of money. Not to mention kids who have alcohol / drug / other legal problems and need to be bailed out to the tune of perhaps tens of thousands of dollars for lawyers and court costs and to get them into alcohol / drug rehab and keep them out of jail, etc.
Here's a link to an MSN.com Money article that touches on parents giving financial aid to their children a bit: