The cost of caring for their disabled son Stephen II has added to the financial squeeze on Stephen and Kim Martinelli of Lawrence. An adjustable-rate mortgage increased their monthly payments by $900 over the past year.
(BILL GREENE/GLOBE STAFF)
Tangle of loans feeds foreclosure crisis
Borrowers can't tell where to turn for change in terms
The cost of caring for their disabled son Stephen II has added to the financial squeeze on Stephen and Kim Martinelli of Lawrence. An adjustable-rate mortgage increased their monthly payments by $900 over the past year.
(BILL GREENE/GLOBE STAFF)
Each month, Stephen and Kim Martinelli sent their mortgage payment to Chase Home Finance, and when they fell behind, it was Chase that launched foreclosure proceedings, with an auction of their Lawrence home scheduled for later this week. (Full article: 1051 words)
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