Crime doesn’t pay the mortgage

Wednesday, March 10th, 2010

Owning a home may be the great American dream, but the lengths to which some will go to achieve it can seem rather more nightmarish.

According to the Tampa Bay Tribune, a 73-year-old local man opted recently to take matters into his own hands to avoid forfeiting on his mortgage repayments. Police have charged the man with robbing three banks, taking around NZ$850 each time in order to make the payments.

If convicted, he faces a maximum of 15 years in prison for each charge – longer than the length of any mortgage!