Marco Videos »

One of a million: Naples man loses home to foreclosure

One of a million: Naples man loses home to foreclosure

Nathaniel Keith is one of thousands of ...

Published Jan. 5, 2010

Like millions of homeowners across the country, Keith got a big loan from a sub-prime lender with an adjustable-interest rate and high payments. Six months later, another company promised him a reverse mortgage to pay back the home equity loan in exchange for his house. The reverse mortgage company told him to stop making payments on the home equity loan. Keith went back and forth with the reverse mortgage company for months, but nothing materialized — so he defaulted on the home equity loan. He knows he made a mistake when he trusted the reverse mortgage company and stopped making payments, but that doesn’t make it easier. He’s losing his home and his life in Naples.


Related Stories

Video Credits

Name Credits
KATY TORRALBAS Videographer

Comments » 0

Be the first to post a comment!

Share your thoughts

Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.

Comments can be shared on Facebook and Yahoo!. Add both options by connecting your profiles.

Features