HT June 14 NYT op-ed Too Poor to Make the News
It was the back story that got to me: Peg, who is 55 and lives in rural Missouri, had been working three part-time jobs to support her disabled daughter and two grandchildren, who had moved in with her. Then, last winter, she had a heart attack, missed work and fell behind in her mortgage payments. If I couldn’t help, all four would have to move into the cramped apartment in Minneapolis already occupied by my nephew and his wife.
Only after I’d sent the money did I learn that the mortgage was not a subprime one and the home was not a house but a dilapidated single-wide trailer that, as a “used vehicle,” commands a 12-percent mortgage interest rate.The new movement is for poor foreclosed families who are already in tough shape already. Is there a way that someone owning a travel trailer could lend or lease the trailer as temporary housing? Zoning questions? Plumbing? electric?
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