Tags: anonymous | donor | landslide | victim | mortgage

Anonymous Donor: Landslide Victim's $360,000 Mortgage Paid Off

By    |   Thursday, 23 Apr 2015 07:31 PM

An anonymous donor has paid off the $360,000 mortgage of a Washington landslide victim who lost not only his home, but also his wife in the natural disaster.

The Seattle Times reported the donor saw the story of Tim Ward, who owed money for a home that no longer existed, and who lost his wife, Brandy, in the landslide that occurred near Oso in March 2014.

Ward suffered a crushed pelvis and was airlifted to a nearby medical center. Forty-three people were killed in the landslide.

A spokesperson for Chase Bank told the Times a bank client at JPMorgan Chase heard about Ward’s case and wanted to make the generous offer.

“He contacted his banker and said he wanted to help,” Darcy Donohoe-Wilmot said. “He said, ‘How much is the mortgage?’ and said he wanted to pay it off.”

Thirty of the 42 homes destroyed were primary residences, and none of them had landslide insurance, and the Times reported, “almost all belonged to low-income families.”

JPMorgan Chase told HeraldNet that the anonymous donor “wanted to make a difference.”

Darrington, Washington, fire chief Dennis Fenstermaker told KIRO TV he was happy to learn about the donation.

“It’s a great gesture on somebody’s part,” said Fenstermaker, adding that some banks have forgiven mortgages, but dozens of others impacted by the slide still have loans and no homes. “It’s a devastating thing because, in a lot of the cases, the mortgage that you owe on, you will never be able to live on that property again. So you’re paying a mortgage for something that you really have no value in.”

The donor’s generosity received a lot of kudos from the Internet community:



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An anonymous donor has paid off the $360,000 mortgage of a Washington landslide victim who lost not only his home, but also his wife in the natural disaster.
anonymous, donor, landslide, victim, mortgage
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2015-31-23
Thursday, 23 Apr 2015 07:31 PM
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