This is getting out of hand
Saturday, September 19th, 2009
There’s a story about an elderly bank robber in San Diego on the LA Times blog right now. I first saw the story a few days ago. At that time, it was just a surveillance picture of what looked to be a very old man walking with a cane into a bank to rob it. It seemed kind of innocent at the time. Sort of like, “Look how cute, that old guy is robbing a bank!”
Now it turns out that it wasn’t all that innocent at all. Not only did he walk out with a lot of money on a really serious threat, but he was doing it because of a seriously high interest rate on his mortgage.
He could have just filed a chapter 13 to stop the foreclosure and possibly have been able to catch up. At 17% interest though, I don’t know… Maybe if he had filed, the mortgage company would have negotiated. Now he needs a very different kind of lawyer.
How depressing. The story is here.
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