90 Year-Old Woman Shoots Self Inside Foreclosed Home »

Posted By TimALoftis 9 months, 1 week ago in Family

A 90-year-old Akron, Ohio, woman who shot herself as sheriff's deputies tried to evict her from her foreclosed home became a symbol of the nation's home mortgage crisis Friday. Addie Polk is being treated at Akron General Medical Center after shooting herself at least twice in the upper body Wednesday afternoon, her city councilman said.

On Friday, Fannie Mae spokesman Brian Faith said the mortgage association had decided to halt action against Polk and sign the property "outright" to her. "We're going to forgive whatever outstanding balance she had on the loan and give her the house," Faith said. "Given the circumstances, we think it's appropriate."

Meanwhile, U.S. Rep. Dennis Kucinich, D-Ohio, mentioned Polk on the House floor Friday during debate over the latest economic rescue proposal. You can learn more about this tragic incident in the CNN video below.


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Showing 129 of 257 Comments (view all)
  • 100%
    not2needy9 months, 1 week ago

    How sad!
    One thing i don't understand.. Why would Countrywide Home Loans give this woman a 30 year 45,000$$ loan on her house in 2004, she was 86 years old! Perfect example of predatory lending, IMO! It seemed to backfire on them though.

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    TimALoftis9 months, 1 week ago

    CNN is now reporting that Fannie Mae is going to forgive the loan made to this lady.

    http://www.cnn.com/2008/US/10/03/eviction.suicide....

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    UpholdOurConsitution9 months, 1 week ago

    There ya go everyone... all you have to do is shoot yourself and live to get out of your foreclosure.

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    smellicat9 months, 1 week ago

    not2needy: I completely agree. Just WHO does give an 86-year-old a 30-year mortgage? Who gives an 86-year-old a mortgage PERIOD?? This is pathetic and very sad.

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      plankton819 months, 1 week ago

      It was bill clinton that said every american should own a home. Its nancy pelosi that says no one has to pay for it.

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      prestonffh9 months, 1 week ago

      The 'Community Reinvestment Act' at it's best.

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        conservative19 months, 1 week ago

        great-reward her ridiculous behavior by forgiving her debt. unbelievable! what has happened to personal responsibility? and seriously, who does give OR apply for a 30 yr. mortgage at 86 yrs of age!?

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          corvette07189 months, 1 week ago

          As I worked in the industy as an appraiser, I will tell you exactly what happened. They came out with this reverse mortgage loans for the elderly. Yeah right.. They tell them, they do not have to make a payment because they have so much equity in the house. So they take out a loan, as you say probably to help their children, grandchildren or whatever, thinking they do not have to make a payment. These poor people were preyed upon by mortgage brokers out to make a buck, not explaining everything to them, only that they did not have to make a payment. But now all the mortgage companies will get bailed out with this 700 billion dollar gift. Does that mean that all mortgages will now be paid in full? Or does it mean that the banks, mortgage lenders, etc are going to make big bucks again off of the people who are just trying to survive in the most powerful nation in the world.

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          pa3387519 months, 1 week ago

          IT IS SO SAD THAT IT HAS TO COME TO THIS. WHY WOULD A LENDER AGREE TO FINANCE A HOME TO SOMEONE OF THAT AGE??? NOT TO DISCRIMINATE AGAINST THE ELDERLY BUT THE LENDER CLEARLY DIDN'T USE GOOD JUDGEMENT AT ALL IN THIS CASE. THEY WERE PROBABLY JUST EAGER TO MAKE A SALE.

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          hendawg3809 months, 1 week ago

          Sad!
          On another note Propeller sux as bad as Aol !

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          luckala9 months, 1 week ago

          Gee, makes me wonder if I shoot myself at my school if they will forgive my student loans.

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          CindyWS9 months, 1 week ago

          So if I get to the point where I am being evicted on foreclosure if I shoot myself Fannie Mae is going to give me my house outright. Best wishes to the woman for a speedy recovery

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          • 0%
            dougw8039 months, 1 week ago

            We are all adults, we do not need companies taking away our freedoms - telling us what we can and can not do.

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            sickofthispile9 months, 1 week ago

            Someone said this is just anther example of predatory lending...no, it's an example of Democrats helping the poor by loosening the mortgage lending guidelines so that anyone with a pulse could get a mortgage.
            Countrywide and any other mortgage lenders were required by Government guidelines to give this poor old lady a mortgage...they can NOT discriminate against her age!

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            gullivah9 months, 1 week ago

            2 sad! Social security can't pay for oil, food, lights and since she can't drive...gas. The world of the elderly is a constant battle. I pray that she will be okay.

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              not2say9 months, 1 week ago

              God Bless this woman and shame of our government who should be
              oh so proud that they have let it come to this. I am in this position myself and trust me there aren't any options as there is no where to go and no one to listen. CAPITAL HILL you care so much about the other countries but not our people.

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              lily20099 months, 1 week ago

              Anyone wanting to get shot to save your home, call me, expert shooter for hire. Guaranteed to hit the mark. All Repubicans I am running a special on asshole shots using bullets loaded with rock salt. Bush supporters get 50% off and 50% free vacation to hadees.

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              • 0%
                lily20099 months, 1 week ago

                why dont we attack Alaska like we did Iraq, hell they got oil there out the ass, We can even take Sarah Failin to court and hang her ass like we did sadam. The fish eyed bitch is now saying everbody is a terrorist, maybe thats where bin laden is hiding, in an alsakan igloo fukin eskimos.

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                4thepeople9 months, 1 week ago

                Unfortunately whoever gave her the mortgage should have put her in a SAFE reverse mortgage at her age. All the remarks about age discrimination are correct. I am a "responsible" lender and we cannot deny a credit and financially worthy client of a loan due to age, sex, race, and a few other things. The question is what was her income at the time and why Countrywide did not just convert her to a Reverse Mortgage. She sure as heck was old enough.

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                  RBNSCT9 months, 1 week ago

                  I have a feeling there are going to be many more like this Woman. Why is Congress, Our Government can have pity and billions of dollars for other countries, Yet when it comes Americans & Our Country They had to keep voting! They actually had to think about getting their own Country out of trouble! How Sad and selfish is that?

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                    cpconst9 months, 1 week ago

                    so the bank gives her the house. thats great; now where are my bullets,

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                      Annk19 months, 1 week ago

                      Bdizl whoever: a) you do not know that her intent was to survive b) you do not know what kind of home it is c) you do not know what kind of loan it was d) you do not know why she took out the loan

                      Obviously, you are young enough to still have student loans but also obviously you learned nothing at school, at home or at church.

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