MortgageReverse

Reverse Mortgage at Center of NBA Player Steph Curry’s Instagram Post

National Basketball Association (NBA) point guard Steph Curry has posted to his Instagram account in support of a man in danger of losing his home in a reverse mortgage foreclosure.

The son of a reverse mortgage borrower who lives in a home with significance to fans of the NBA team the Golden State Warriors is at risk of losing the home, but has garnered the attention of Curry who has urged people to donate money to keep the son in the home. This is according to original reporting at local Fox affiliate KTVU, SFGate and Mercury News.

58-year old Lloyd Canamore has lived in the property at the center of the situation since he was a small child, and the house has since become a local landmark for Warriors fans in Oakland, Calif. since it has been painted in the team’s colors and flies team flags on its front facade. Canamore’s mother owned the home, and he says that a caretaker had “misled” her into taking out a reverse mortgage on it in 2005.

The story’s spread through the local community reportedly caught the attention of Curry, who used his substantial following of nearly 31 million users on Instagram to promote a GoFundMe campaign set up by a neighbor, and designed to help Canamore pay the remaining loan balance of $350,000 to remain in the home. As of publication time, the campaign has raised more than $195,000.

The Instagram story was captured and posted to Twitter by Dalton Johnson, a writer and content creator for the Bay Area division of NBC Sports.

“Lloyd has been a die hard for #dubnation,” Curry wrote in his Instagram story publicizing the GoFundMe campaign, invoking the social media hashtag used to describe the Warriors fan community. “We can get there and get $$ [sic] to keep him in his home.”

Donations to the campaign reportedly included one anonymous contribution of $10,000, according to NBC Sports.

Canamore expressed his thanks to Curry for publicizing the campaign to local outlet Mercury News.

“I was praying that Steph Curry would find out,” Canamore told the outlet. “I’ve been trying for the last five months for someone to get in touch with Steph Curry, but I thought ain’t no way it was going to happen.”

Even though the amount is nearing $200,000 raised thus far, there is still a sizable amount of money the campaign must receive if it is to reach the full $350,000 figure. In the event that Canamore and his supporters are unable to raise the full amount, Canamore has agreed to accept the assistance of Oakland-based tenants’ rights group the Alliance of Californians for Community Empowerment Action (ACCE).

“I’m going to go out swinging. I’m not going to let [them] take my house,” Canamore told KTVU. “I’m going to need some more help too from all the Warriors players, all the Warriors fans, help to keep this Warrior’s house here.”

Read the stories at KTVU, SFGate and Mercury News.

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular Articles

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please