Word: milligan
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...Their goal is to help homeowners like Ruby Milligan, a single, 61-year-old retired middle school teacher who suffered a mild stroke a few years ago. During the housing boom, when her three-bedroom Miami Gardens house was appraised at what she now acknowledges was an unrealistic $294,000, Milligan says she took out adjustable-rate home-equity loans to help with medical bills. They raised her mortgage principal to far more than the house is now worth in the housing bust. Her mortgage interest has since adjusted up sharply, and she's saddled with monthly payments that...
...Milligan's lender has already started foreclosure without offering a loan modification, primarily because it feels Milligan's retiree income is insufficient. Milligan says it would be sufficient if she could get a loan revision, which she believes the bank has an obligation to consider. "I never really understood the kind of adjustable-rate loan I was given, which I feel was a bit predatory, given my economic circumstances," she says. "I'm even willing to buy the house outright from them for what I'm told they'd probably get it for at auction, around $100,000. Anything...
...Milligan knows that the bank's first impulse, from a business standpoint, is to try to auction the house and at least get some long-term mortgage-interest revenue out of the sale. That's a big reason so many banks have balked at loan modifications in spite of MHA: they'd rather roll the dice with another owner since studies show many modified mortgages still go south, just delaying the inevitable. But in cases like Miami Gardens, says Milligan's lawyer, Miami real estate attorney Rashmi Airan-Pace, lenders need to realize that as foreclosures mount and infect neighborhoods...
Would Abraham Lincoln have gone green? Frank Milligan thinks so. Milligan is the director of President Lincoln's Cottage, a Gothic Revival mansion on a breezy hill a few miles from the White House, where Lincoln and his family sought relief from the summer heat during the Civil War. The cottage and its surrounding buildings were made a national monument in 2000, and in preparation for its opening last year, the National Trust for Historic Preservation carried out a multimillion-dollar renovation. But preservationists didn't just restore the buildings. They greened them, beginning with the Beaux Arts house next...
...combination of things - the thrill of coming home, leave or the natural act of repressing trauma - may delay the onset of problems, said Colonel Charles Milligan, the lead author. "Some problems, like depression, may take some time to develop," he told TIME. "Someone may have lost a buddy but didn't have a lot of time to dwell on it in the combat theater," said Milligan, a psychologist at the Walter Reed Army Institute of Research. "Once they're back home, they have a little more down time and it may be weighing on them...