Lawmakers step in to keep 88-year-old from being evicted in mortgage scam

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by Chris Nagus / News 4

KMOV.com

Posted on September 11, 2012 at 10:35 PM

Updated Wednesday, Sep 12 at 10:24 AM

(KMOV.com) -- A News 4 Investigation is getting results.  Chris Nagus headed to Washington DC to go to bat for an elderly St. Louis woman whose house was stolen.  It is an incredible story that has caught the attention of lawmakers.

Both Missouri U.S. Senators are reacting to 88 year old Agatha Dismuke’s nightmare.

“This is an outrageous situation” said Sen. Roy Blunt (R-MO).

“This is a cautionary tale” said Sen. Claire McCaskill (D-MO).

Her family says she was swindled by a guy named Larry Bradshaw.

Agatha gave him power of attorney, Larry refinanced the house, but Agatha never saw a dime.

Larry admitted he bought a truck and had a bit of a drug problem.

News 4’s Chris Nagus asked Larry in a phone interview “ did some of the money go to drugs?”

Larry responded “unfortunately yes”. But when asked how much money he spent on drugs, Larry responded in the thousands of dollars.

Sen. McCaskill’s office aggressively pursued the case and so did Sen. Blunt’s.

Since the foreclosure came through Fannie Mae, both Senators called the agency demanding answers. 

Late on Monday, both Senator’s offices were told by Fannie Mae that for now that the eviction is on hold.

Sen. Blunt told us “her not being evicted from her house is my goal. We have reached a temporary point that is better than it was going to be before your story ran.”

Sen. McCaskill told News 4 “ I’m glad there’s going to be a delay in the proceedings. The larger issue is how dangerous someone is that tries to take advantage of the elderly in this complicated area of reverse mortgages.”

Both Senators hope to reach a permanent solution, one that would keep Agatha in her home as long as she wants to be there.

 

 

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