Sibling Multimillionaires’ Refusal to Provide or Cosign a Secured Loan (Leverage >$300K of Home Equity)

The loan  terms would be calculated at market rate interest rates  It could be set to provide them any remaining value of the home if I became incapacitated and needed to move out before the value was used up.

This report documents how the victim’s siblings, despite being multimillionaires, refused to provide a secured home equity loan using more than $300,000 in available property equity to prevent eviction.

There is no option to sell my home and use any gains to purchase another home. Any gain from selling my home is immediately confiscated by the state as payment for past assistance. A secured loan is the only way to leverage my equity for my personal benefit. It also prevents the money from being confiscated by the state when the home is sold. This is information my siblings know.

They are also fully aware that if one payment to the HOA is missed it becomes grounds for immediate eviction proceedings to start, especially given the other issues occurring.

The impact of their refusal and also no offer to find other home equity financing options is clear evidence of their intentions ,

My home is designed for a person with disabilities requiring assisted living supports. Being required to move into county-subsidized a long-term facility would be the end of my life. I use around 1TB of data a month, which would never be possible in that environment. More importantly, the 48 prescriptions and 18-physician prescribed supplements required for my well-being could never be managed by the people who provide these services in that kind of institution.

To be clear, the only other option to staying in my current home, is being moved into a county owned institution offering assisted living).

As my case manager said, “Tim you will not like it and you should do everything you can to stay in your home.” My siblings know I would not like it, and that is their goal as the evidence clearly indicates.

The refusal denied access to protective financial options and contributed to ongoing financial exploitation of a vulnerable adult under Minnesota’s Vulnerable Adult Act (Minn. Stat. § 626.557) and federal Fair Housing protections (42 U.S.C. § 3604).