Ken Morrison has started a GoFundMe to help the Bishops buy back their home.
A local realtor has launched a campaign to save an elderly couple’s home.
Ken Morrison started a GoFundMe page to help buy back Eric and Jean Bishop’s Edmonton home in Fulton Place neighbourhood.
Morrison says the couple experienced a disruption in their monthly mortgage payments in 2017, and in 2018 was asked to pay nearly $40,000 in arrears within six months. Unable to make the payment, the bank foreclosed on their house.
Morrison was tasked with selling the house in January, but says he couldn’t do it once he found out that the couple was in their 80’s and had lived in the house for over 50 years. Instead, he is now working to raise $325,000 to buy the Bishops' home back.
He says he was inspired to create the page when he realized that a fellow realtor shared the same empathy for the couple.
“I thought if she reacted that way, maybe other people will [and] maybe we can save this house for them. Whether they stay in the house for another year, another week, or another 10 years – that’s up to them. I shouldn’t say it is up to them, I should say it should be up to them,” he said.
He questions the Bank of Montreal’s actions in this situation.
“Did this have to proceed like this? I get that it’s a business; I don’t work for free and I don’t expect anyone else to. But at a certain point, the bank needs to look at people as not just a number and that’s just not what happened here,” he said.
Morrison says these are not ordinary circumstances for a foreclosure.
“I see foreclosures all the time, and by no means are they being foreclosed on because of the economy. This isn’t a political issue, it’s not a pipeline issue, and it’s not the cost of oil. If someone is being foreclosed on when they’re 35, it’s tragic, but at least they have options – these people don’t have options,” he said.
The Bishops’ sons have rented them an apartment in case they have to leave their home.