by Lily Dane, Activist Post:
If you think you own your house, think again.
Even if you pay off your mortgage in full, or buy a house outright with cash, you don’t truly own it. All you have to do is miss a tax payment for the harsh reality of home “ownership” to slap you in the face.
Eileen Battisti of Aliquippa, PA, found that out the hard way. When Anthony, her husband, died in 2004, she paid off the mortgage with proceeds from his life insurance. In September 2011, she lost her home, valued at around $280,000, over an unpaid interest charge of $6.30.
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