Vanderbilt Television News Archive

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Mortgages #75041

ABC Evening News for Friday, Oct 22, 1982
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(Studio) Report introduced
REPORTER: Max Robinson

(Saratoga Springs, New York) Adirondack Trust's calling in of mortgages believed to not be due for several more years due to clause in their mortgage contracts examined; financial impact on homeowners Carol and Art Isehberg, Dorothea and John O'Donnell, and Charles and Gail Lyons described. [Barbara MUELLER, Dorothea O'DONNELL - claim bank denied clause would affect their mortgages.] [Adirondack president Newman WATT, Junior - dismisses clients' alleged ignorance.] Adirondack's response to homeowners' outcry over situation noted involving lawsuit against one claimant. [Dr. Arthur ISENBERG - thinks bank is guilty of fraud.] Action taken by public against bank described. [Neighbors for Fair Banking representative John KAUFMAN - wants justice.]
REPORTER: John Martin

Reporter(s):
Martin, John;
Robinson, Max
Duration:
00:02:50

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