Predatorial Mortgage Co. Swindles Sick Old Lady

stepsThe Post had a hearwarming story yesterday of a mortgage company’s attempt to swindle an elderly Fort Green woman with early-stage Alzheimer’s out of her 3-story brownstone. In 2004, Mary McQuiller, then 81, applied for a second mortgage through RCF Capital; before she knew it, the company had sent a car for her and had gotten her to sign over the house for $175,000. Her son, Sam McQuiller (pictured), intervened and thought he had gotten RCF to drop its claim on the property only to be rudely surprised when his mother died later that year. He’s now in court fighting a decision by the public administrator to auction the property and award RCF $85,000 of the proceeds.
Roofless People [NY Post]

By Brownstoner |