A BUSINESSWOMAN THINKS she is getting a raw deal from her bank because it is selling her home of 35 years for less than half of its value.
And she contends that several other middle-income Barbadians are similarly losing their life’s investment.
The St George home of Ann Riley-Fox, who once owned Moods & Options stores, was valued between $1.3 million and $1.7 million over the last eight years. Now it’s being sold for $700 000 by FirstCaribbean International Bank to recover the mortgage.
Riley-Fox has been unable to pay the mortgage after her business folded in 2012.
Please read the full story in today’s Sunday Sun, or in the eNATION edition.