Minnie Fish, the 88-year-old widow, nearly lost her home after she was erroneously reported to her mortgage company that she was dead.
According to the Realtor report, years ago after her husband's death, Minnie signed up for a reverse mortgage to secure a loan using her home as collateral to pay her taxes and bills. But when the mortgage company heard news that she was dead, the company cut off access to the loan and prevented Fish from making payments. The agreement stipulated that when she dies, her property will be sold by the company.
After the mortgage company heard an erroneous report about her death, they started going through with the agreement of the loan. So, the company sent notices to Fish's estate saying that her loan was due because she had died. So the company had said in the most recent notice that they would refer the loan to foreclosure processing. Fortunately, the issue was resolved and Fish can now settle her account.
This happened to Fish because the mortgage company acted on what they thought was credible information but actually an erroneous death report, the company said - leaving Fish without the resources she needed for daily sustenance.
It's not really clear how the erroneous death report occurred, but the experience of Fish will serve as a lesson to consumers.
Last month the mortgage company was alerted for foreclosure processing for the property of Minnie Fish that was used as collateral for her loan, saying it was due because of her death.
But Fish said Friday, "Do I look dead to you?" "I'll be 89 in January. I'm alive I think. Some people think I'm not, but I'm sitting here talking," she stated as quoted by WRBL news.
"We have been working with Ms. Fish over the last few months to resolve this issue, and as of Nov. 30 we received the final documentation required to correct her file," the company said.
Now that the company received the required documentation, Fish file has been moved back to active.
