Based on information on wate.com it appears that some local neighbors in our home town in Blount County are starting to surface as victims of Charles D Candler and others. Wate.com states that the fraud could potentially involve millions of dollars in losses to dozens of people. Other reports stated hundreds of potential victims. At this point our money (pardon the pun) in on hundreds of families. Interesting that the IRS isn't talking about the case but not surprising since everything is under investigation at this point.
Here's some of yet another sad story brought about by this event.
"Joy Joines is proud of the home she and her late husband, Kenneth, built in a picturesque cove in Louisville. She calls it her 'little piece of heaven,' but she now fears she may lose everything. ... 'When I called that mortgage company to find out what was going on, they told me, sell it or sign the house over to them,' she said." Do we need to comment any on the state of 'honest' mortgage companies in the aftermath of this tragedy?
According to the article, Joy Joines and her husband took out a 'reverse mortgage' July 2005 which enabled them to have access to a portion of the equity in their home to help raise two of her great grandchildren. She states that J. Allen and Associates was who her husband went through to get the 'reverse mortgage'. She visited Allen's accounting office in Louisville and they told her that she won't be getting a check anymore and that she had to make the house payment. Based on Carl Bruner, a reverse mortgage specialist, this isn't a reverse mortgage. Joines has been forced to hire an attorney to delay possible eviction over a mortgage she knows nothing about.
Even the 'honest' businesses seem to be jumping on board to rack in the booty. Opinions?
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