You are here: Home - Uncategorized -

Donald Trump paid US widow’s mortgage off to save farm

Written by: Your Mortgage staff
A woman from Georgia popped up at one of billionaire Donald Trump’s Presidential campaign rallies to recall how he paid off her mother’s $70,000 mortgage to save a farm after her father committed suicide.
Donald Trump paid US widow’s mortgage off to save farm

Trump, who is now the front-running Republican nominee, read the story in the newspaper and contacted the family. He showed up at the Georgian farm 30 years ago to burn the mortgage papers in a photo op with Annabelle Hill for the cameras, reports the Daily Mail.

Daughter, Betsy Sharp mounted the podium and told the crowds in North Augusta Carolina: “What I want you all to know is how kind-hearted and caring he is. He cares about America. He cares about farmers, He cares about veterans. He truly wants to make America great again, and I think if we help him, we can get there.”

At the rally, Trump said he had never told that story before, and admitted that saving the Hill’s farm cost him more money than he had anticipated spending.

“I figured I could do it a lot cheaper than paying off the mortgage,’ he said. “I found out the name of the bank. That was a mean banker, I want to tell you.”

“I called up: “We’re gonna take you through hell, we’re gonna this, we’re gonna that.” I couldn’t get the guy to cut! So I bought the mortgage and I said, “The hell with it”.

Hill was “a great woman, and passed away, but passed away happy,” Trump said.

Sharp explainied that Trump had stepped in after her father’s suicide in the face of a bank foreclosure so her mother, Annabelle Hill, could continue to live on the farm.

Lenard Dozier Hill took his own life in 1986 on the morning his farm was to go to a courthouse auction, believing that his life insurance would pay enough to save the cotton and soybean plantation that had been in his family for more than 100 years.

He never knew his insurance policy had an exemption for suicides.


There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Save money now!

See how much you could potentially save by remortgaging to a different product

Your Mortgage Guides

Your Mortgage Award Winners 2017-2018

Download our guide to the best mortgage lenders in the UK

Read More >

How much can you borrow?

A calculator designed to help you understand how much you can borrow towards your property
Read previous post:
Properties worth £1m+ to triple by 2030

The number of UK homes worth at least £1m will more than triple by 2030, according to a report from...