THUS dismissed, the Brownies did not linger at Mrs. Myles’ home.
However, once they were on the road again, en route to report to Mr. Vincent, they discussed the snatch of overheard conversation.
“Mrs. Myles is upset because she is afraid she will lose her home,” Connie commented. “Miss Gordon, do you think the bank will take it away from her?”
“I’m very much afraid of it,” the teacher replied. “From what Mrs. Myles said, I doubt she ever will be able to pay off the loan on her property.”
“What’s a loan?” demanded Rosemary, who knew little of business matters.
“When Mrs. Myles found herself in financial need, she undoubtedly went to the bank and asked if the officials there would advance her a little money. I assume that they agreed to do so, but to protect themselves, took a mortgage or lien on her property.”
“And now that she can’t repay the money, they’re entitled to claim the house,” supplied Eileen.
“The house and possibly its contents will be sold at sheriff’s sale,” Miss Gordon explained. “Of course if more money should be obtained than the amount Mrs. Myles owes the bank, then she would receive the difference.”
“I don’t think that place will bring much,” said Sunny dubiously.
“Nor do I,” agreed Miss Gordon. “I’m afraid Mrs. Myles is in a serious predicament. I only wish we could help her.”