[pnh102]

So this story can be summarized as a fool decided to pay a lot of money to give up an already-paid-for house.

I wish I was in the position this woman started in... having a paid off house.

[Jim 726]

That about sums it up. Used her house as an ATM, and got burned. So sad, too bad... but why should people who refrained from such foolishness be required to bail her out?

[CaptainK]

For $200,000 she could have built an additional house. Sounds like some contractor took her to the cleaners.

[heartwood]

At 70 she’s old enough to remember the inflation, high interest rates and adjustable mortgages of the 1970s. She was paying a mortgage then and probably grateful that she had a fixed rate.

$600 a month is never going to pay off a 200K mortgage.