Death Clause: Home Foreclosed Despite Never Missing a Payment
Uncommon mortgage clause leaves grieving Va. family without home
POWHATAN COUNTY, Va. — A family home was sold to the highest bidder Friday; it was an auction overshadowed by tears. Peggy Stroud wept as a bidder bought the home she grew up in on Urbine Road.
Stroud said the home is the place where her mother took her last breath, and her father was shot to death on the porch two years ago.
For months after his death, Stroud says she paid the bank her dad’s mortgage, nearly $8,500 total.
She was stunned to learn that all of those payments still did not stop a foreclosure.