A few months ago in June I blogged about visiting Molly and Bill McGovern and their delightful little family farmette, Oliver Hill. This weekend I received a plea for emergency help from Molly. They were able to buy the farm because they purchased a sub-prime loan: at the time, this was their only option. Last year, they lost their baby son Oliver to SIDS, and then Bill lost his job as a result of all the time he took off to take care of his family during the crisis.
Not to be kept down, Bill started his own business as a home health care aide, Oliver Hill Home Health Care. As an aside, he is thriving in the business: he's a big teddy bear of a man with years of emergency medicine experience. He specializes in helping older men with their health needs in their homes: for those of us who know Bill, this job is a perfect fit for his warm, compassionate personality, and his clients and their families have nothing but praise for his work. Molly has been holding classes in sewing and in the fiber arts for young girls in the area now that family life is settling down after the tragedy of losing their young son.
That's the good news: now for the bad news.
Even though the McGoverns have duly made every mortgage payment on their farm, they are in danger of losing the farm in two weeks, because the company that owns their mortgage is going under, and is demanding full repayment of the loan. If they can't pay the loan in full by October 1st, McGoverns will be out on the street -- in two weeks.
So Molly decided to swallow her pride and ask her fellow Catholics for help in paying off their mortgage. You can click here to see her letter at her blog, HeavenNotHarvard.typepad.com.
The loan is only for $53,000. While that's a big chunk of change for any one person to handle, it's definitely an amount that could be raised if many people make small donations.
Molly and Bill have set up a PayPal account (okay, I have it working now) to handle donations to help save Oliver Hill farm. Enter the email address email@example.com to donate. If you are able to even make a small donation of $10 or $20, I know it will help them. Placing her complete trust in God, Molly hopes that they will be able to use any overpayment of the loan to help other families who are in the same situation: as Steve Wood recently warned on his August 23rd radio show, the sub-prime loan industry is in the process of collapsing, taking many struggling families with it.
Please consider making a donation to them: and if you feel so moved, please spread the word.