Sheila Walsh is an 87-year-old neighbor in the Bayview. She has lived in her home for 28 years.
She has a mortgage with Wells Fargo.
It seems that Sheila is a victim of financial fraud – she took out a home equiity line of credit and through an apparently fraudulent transaction was charged $217,000 to her home equity loan. Her mortgage payment used to be $1,500, but it went up after the fraudulent charge and is about $2,000 per month – much more than she can afford.
She wants to stay in her home, but needs time to have the fraudulent charge investigated. Once it is investigated, she will be able to square away her financial situation.
Wells Fargo originally scheduled her home for auction on May 21, 2012. It was postponed to June 6, 2012, and is currently set for June 21, 2012.