Second Mortgage: Fill & Download for Free

This wasn’t revenge on an ex in the usual sense; this was revenge on his ex-parents, who had disowned him for being gay. I’ll call him Adam, and I’ll call his partner Steve. This was in the early 90s.Adam had HIV and it had progressed to full-blown AIDS. He had had a successful career in law and had managed to do quite well for himself. But the AIDS treatments in those days were just a way to delay the inevitable, there were none of the treatments that exist today. Adam had acquired a few pieces of property, made some good investments, and owned some valuable pieces of art, jewelry, gold, and so on. Smart with money and business.As he grew sicker and knew the end was approaching, his family suddenly showed concern and interest in his deteriorating health. This was after nearly a decade-plus of little to no contact. Adam knew what was up. There were no same-sex marriage laws, no benefits for partners, no legal standing for his partner Steve, and Adam knew that once he was gone, his family would toss Steve - who was his sole caretaker up to that point - out on the street and claim inheritance of Adam’s possessions as next-of-kin.What did Adam do?He liquidated everything. Everything. Jewelry, car, second house, stocks and investments, and then gifted it all to Steve. In documented legalese that could not be questioned, with witnesses and notary, and in full possession of his mental faculties.Except for one item. On his primary house, he took out a second mortgage, and mortgaged it up to the hilt. He took that as cash and also gifted that to Steve. The house and mortgages remained in Adam’s name, and was the only possession remaining in his name.He died a couple of months later. In his will, he left his sole remaining possession - mortgaged to the hilt, with a second mortgage and taxes on top of it - to his “bereaved” family.

My answer may help someone who has a mystery bank lien when trying to settle an estate.US banks were collapsing or being taken over by other banks.The house in the estate that I was executrix for, there was a second mortgage. I didn't make sense as the man who died, at the time of the second mortgage rented the property, was elderly in his nineties. He would not knowingly have signed for a second mortgage for a house he did not own.It turned out FIVE (!) banks ago that the first bank in the chain was offering incentives to staff who opened new loans ( or mortgages). The man had signed other papers and since he was known as someone who didn't want to take time to read things, apparently the papers were slid in for him to sign a few more papers or his signature faked.So banks 2,3,4 kept passing this 2nd mortgage along as an on the books asset ( in the form of a Line of Credit with no withdrawals ever taken out).Bank 5 put me in touch with the fronting office who talks to the underwriting and mortgage department that consumers can't talk to ever.Four days later ( started Monday and resolved Friday), after seeing my faxed in records, they got a message back to me that the signatures likely were faked. The man's penmanship was still great in his nineties. They lifted the lien; no lawyer needed.Why I am very confident he did not take this out: he was the type that if he had done it, he would have used the money. He needed it. His pension was running out and his overhead was higher than Social Security - or as he put it "he had lived too long."Since he never touched the Line of Credit, he probably didn't know what happened. He was trying and involved in every step of trying to get a reverse mortgage up until two weeks before he died. When he had the fine print read to him, he was so angry, he cancelled the reverse mortgage.( Reverse mortgage: He didn't like that he would be required to report monthly that all house bills were paid on time, and allow unscheduled walk throughs whenever lender wanted to drop in. He was very alert but felt that he wasn't getting younger being 93, and it would be easy to make a reporting error that could lead to losing his home. Lender had the right to put the house up for sale without notifying him and he would just get an eviction notice.)

Depends.How lonely are you?Do you enjoy going to the bathroom by yourself?Do enjoy having your diet enforced by having meatball sub sandwiches mysteriously disappear from a counter?Do you enjoy constantly being in the know if there's a squirrel in your backyard?Do you enjoy having to take out a second mortgage to pay for non destructible dog toys?Do you enjoy getting up at the crack of dawn every day, including on Saturday?Are you looking for a friend that will stay with you through thick and thin?Do you have an extra large bed?do you like to party?Do you enjoy having company when you snooze in a Sunbeam?Then I would say the answer is yes.