MONEY
12/03/2012 09:43 am ET

Widows Losing Homes To Foreclosure Because Of Mortgage Paperwork Flaw

In a Tuesday, May 15, 2012 photograph, Mary Cate Jones, 78, reads an eviction notice at her home near Knoxville, Tenn. on Tue
In a Tuesday, May 15, 2012 photograph, Mary Cate Jones, 78, reads an eviction notice at her home near Knoxville, Tenn. on Tuesday, May 15, 2012. Jones has been told by her lender she can now stay until her grandchildren's school year in Jefferson County is over. That's May 24. Jones' daughter, Carol White, said her mother took out a loan against the home and then fell behind on mortgage payments after hip surgery about three years ago. The home went into foreclosure. Jones, her son Kenny and her 16-year-old grandson and 14-year-old granddaughter live in the house in Strawberry Plains. Kenny Jones uses a wheelchair because of childhood polio. (AP Photo/Knoxville News Sentinel, Michael Patrick)

Just as the housing market is recovering, a growing group of homeowners — widows over the age of 50 whose husbands alone were holders of the mortgage — are losing their homes to foreclosure because of a paperwork flaw that keeps them from obtaining loan modifications.

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