93-Year-Old Woman Faces Foreclosure On West Hollywood Home

A 93-year-old West Hollywood woman could soon be living on the street as she is facing foreclosure on her home.

CBS2 reports that Hilda Vinalas took out a second mortgage on her home following the death of her husband, Henry. The couple purchased the home 60 years ago for $30,000 and paid it off in full.

Vinalas thought the loan from Lehman Brothers was a fixed loan for $140,000. It turned out to be an adjustable rate mortgage for $750,000 that has been sold to three different mortgage companies.

“They made me sign many papers, and I could’ve signed my death sentence because I didn’t know what I was signing,” Vinalas said.

Homeowner activist Suzanne O’Keeffe is helping Vinalas, the station reports.

“The money went missing. We’re doing an investigating about where it went,” O’Keeffe said. “It was a bad loan. It was an adjustable rate loan. She shouldn’t have gotten it to begin with on her income, and it was the wrong thing to do for an elderly woman.”

Watch the full report on the CBS2 website.