Comments for 90 Year-Old Woman Shoots Self Inside Foreclosed Home »
Posted By TimALoftis 1 year, 1 month ago in FamilyA 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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not2needy1 year, 1 month ago
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How sad!
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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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invisibleink1 year, 1 month ago
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I'm sorry but it's quite obvious that you don't understand what "predatory lending" truly is. There are such things as Fair Housing laws which state that lenders cannot discriminate against a person's age, race, or other important characteristics (sexual orientation, etc.)when underwriting a loan. Sure, an 86 year old might not make it to the end of their 30 year mortgage term, but that's not a legitimate reason to deny someone a loan.
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allesmi1 year, 1 month ago
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yea, and thats exactly what got us into this ****, in the first place, the clinton administration, deregulation so there would be no discrimination, freddie mac and fanny mae were set up so minorities could afford housing (ala subsidized housing). remember when you had to put down 20% to get a loan???
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tia1 year, 1 month ago
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Great post invisibleink. I used to be a mortgage underwriter, and there is no way I would be able to deny a loan based on someone's age and the fact that they don't have 30 years of life expectancy left! Obviously an 86 yr old won't live to complete 30 yrs, but companies are so beaten over the head with lending laws and not discriminating that they sometimes have to make loans that they wouldn't necessarily agree with.
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DilipNandi1 year, 1 month ago
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Hi, she was given a 30 year mortgage because it offered the lowest payment and it was fixed.
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That is not predatory lending. Predatory lending is when a lender or loan officer structures a loan to where the applicants equity is being stolen by excessive fees and/or interest rates. Or is given a loan program that the borrower will not be able to repay should there be an adjustment in their interest rate or repayment schedule such as a balloon.
Those are examples of Predatory Lending.-
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dolfinmum41 year, 1 month ago
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Why?!?!? OMG You cant be serious? Just because her rates stayed the same, gas, medications, food, clothes, and general cost of living has gone up in 4 years, that is why. Her social security probably never increased. She was probably not getting any outside help. That is why MANY people over the past year have been getting forclosed on. No extra money coming in. Only difference is that many of the people getting forclosed on could of taken on a second or third job. If you know someone willing to hire a 90 year old woman, that will pay with a damn, let us all know. But that is a crazy question. Asking why she defaulted. Oh brother. 30 and 40 something year old people are defaulting, because no one will increase pay even though cost of living is sky rocketing, that is why. That fixed mortgage was set on a fixed income that over the past 4 years didnt increase with the cost of living increase. Statments like that just make me nuts.
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JRGdance1 year, 1 month ago
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What world do you live in?? Just because your principal and interest is fixed, doesn't mean the homeowners insurance and taxes won't increase, besides everything else, food, gas, everything!! Apparently, her social security wasn't enough. My motheris on social security and has a paid off house and barely gets by.
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zoopabug1 year, 1 month ago
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Obviously the bank then needs to find a different reason not to give the loan. The bank's first duty is to be fiscally responsible to the stockholders. That duty overrides all other considerations. If after due diligence it is determined that only a moron would approve a 30 mortgage to an 86 year old woman then you don't approve it. If some liberal idiot in the govt. says you're being discriminatory, let him. The bank should never have yielded to pressure and made a bad decision.
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And this loan was definitely a bad decision.-
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RyanFantana1 year, 1 month ago
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They cant. The Congressional Housing Act that was mentioned earlier not only prohibits you from discriminating by race, age, sexual preference or whatever. It also doesnt allow you to decline the loan regardless of income or credit history. There are also enforcement procedures against banks and lending institutions who dont comply with the act. Hence, a large reason why were in our current dilemma. Was this act repealed in this monstrosity bailout bill. . . of course not.
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apryk1 year, 1 month ago
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Hi,
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I feel so bad for this woman! I have been in the mtg business for 8 years and trust me - we are not all out to get people and take advantage of them. That being said - anyone over the age of 62 is able to apply for a reverse mtg that will enable them to no longer make payments on their property. I could spend alot of time going into it here, but the bottom line if if you are 62 or older - pls look into this and if you need help pls let me know and I can get you to the right person. I make nothing on giving you info your getting you to the people that can help you - I simply want to help. Please email me at processingcolo@aol.com. I can help if you let me. That being said - yes the family should have been there for her - and yet we don't know their take on this - not that it would make much difference right now - she felt she was trapped an that means no one was there for her family or not. -
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kids20081 year, 1 month ago
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The mortgage company is required to take an application for whoever applies. It would be discriminatory to not take one based on age, race, religion, gender, etc. A 90 year can apply for a 30 year mortgage and if they meet the income and credit qualifications, we have to give them the loan.
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apryk1 year, 1 month ago
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Hi,
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I couldn't figure out how to do my own entry - so I am replying to yours - I have no issue with your comment. Ok first of all Covette0719: You say you are an ex appraiser? How is it that you have absolutly no clue as to how a reverse mortgage works? When a person over the age of 62 applies for a reverse mortgage - they A) go through mandatory counseling on the issues of exactly what the reverse mtg is. B) Once applied and accepted/ closed - there will never be another payment made on that house (unless they need to secure a 2nd mtg to help cover what the pay off on the 1st and 2nd will not cover - equity wise) on the property. I have no clue where you get your info, but pls rethink the source. Now that being said the borrower has to stay in the property for the reverse mtg to be in effect. If the borrower is no longer able to stay in the property due to passing away or being placed somewhere else to be cared for, then the inheritatants (ie; children, trust, etc) have the option to seek regular lending choices to pay off the reverse mtg, and keep the property in the family or sell the property. If they choose not to do that, then the property will revert to the forclosure process. Also, regarding the negitive am issue - Yes, the property will incurre negitive am issues, month, year after year - but the amount that the property appraised for when the reverse mortgage was done is the amount that the loan can never supceed. Meaning - If for example your reverse mtg appraised value came in at $ 200,000.00 and you went X amount of months or years on the reverse mortgage and come the end of that term and you are looking to sell it, refi it or let it go into forclosure then let say that the negitive am has put the loan amount owed up to $260,000.00 - this means when the reverse mtg was done the goverment took out a insurance policy on this property that would kick in and cover any balance that was over the appraised amount - so the borrower or anyon heir will never pay that the government has come in and said that you will never pay higher than the org appraised value of $ 200,000.00 no matter how much neg am is on there.-
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corvette07181 year, 1 month ago
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As I said I am not a mortgage or loan officer, but I did go out on enough appraisals to see that elderly people were being preyed on by some companies, offered reverse mortgage loans to replace a roof that did not need replaced is a prime example. I do understand the concept of the reverse mortgage, but in all fairness do you think an 86 year old lady understood all that was being told to her? I am not saying all mortgage brokers were doing this, but I did come into contact with some that were just out to make a buck. Luckily these same companies are being investigated.
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BERTHAB1 year, 1 month ago
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FYI
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Banks cannot discriminate on "age" when issuing a loan. I was shocked to learn that my parents were able to secure a thrity year mortgage ate age 80. My parents lost their home during Katrina......a home that they had lived in for 45 years and that was paid for. They wer fully insured and got the maximum on their flood insurance The insurance money was not enough to repair.rebuild or purchase new home, The happened to a lot of people...a lot of ederly lost home. Although my parent got a standard loan, SBA (through the Fed Govt) was issuing many to hurricane victims,......and many of them were ederly -
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whoknew621 year, 1 month ago
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In reply to the very 1st comment. "Why would they lend an 86 year old woman , a 30 year loan. You could not get a better example of why this country is in the crisi it is in. Not to say I can predict the future. But this small business man told those near to him,,we will be in a Depression,,NOT a ression, not too far away from now. That was over two years ago.
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I could care less why she needed the money. For those that think she is the crooked one? OH well. You do not get it. Quite simply, the banks decided they would steal as many homes as they could,,and it backfired on them. I could tell you plenty of other stories about Liscense to steal practices lenders use, but the main focus seems to be on the Home forclosure thing. More to it, but that will suffice. At this point, these liscensed convicts had no other choice but to give her the home,do the right thing, as it is a big story, and at an Important time. (The election still has not been decided.)
BUT, what gets me? Is though wall street and these Political jerks, try to talk in a manner, that the public in general, will not quite understand. Not only did they rob once, But with 2 months left in office, this clown says,,lets getum again, and finish off the seperation of the classes. What does the American public do? It allows it to happen. DUH!!! OKAY,,WE HAVE TO DO WHAT YOU GUYS SAY,,AND FAST,,CAUSE YOU SAY SO??? Are you freaking kidding me?? Beliving these BS, that this is going to start wonderful lending practices,, and was nessessery. There were PLENTY of alternatives. There is NO rush. And Giving more money,we do not have,, is not the answer. This just gives the rich enough time to dump there garbage, the inevitable comes regardless with this plan. Though I am not sure this many years of robery by those in power could be reversed. Not for quite a while at least, and with Ethical people behind the wheel.
Regards,, Discusted (PS, Jessee Ventura? I think I need to read your book, Dont start the revolution without me.) I wonder if these basturds feel for what theve done to the latter year memories of this 90 year old woman, that already made it through one depression. -
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lynn651 year, 1 month ago
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the bank gave her the loan knowing they would end up with it anyway more then likely..and were is her family was a good question..prouble the reason she needed the loan. to bail someone outta trouble..our banks dont work to keep our familys in homes they work to take what helps them..our country has come down to you gotta kill yourself to get any help..there should be stricter guide lines on loans to eldrly people and shouldnt be against the only home they own knowing they will be homless at this age..i hope the pencil pusher on ths loan is happy with the results..
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baddaughtr1 year, 1 month ago
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not2needy....if you truly are a retired social worker I'm afraid to know where you got your education and would not want you as my worker...especially if I were 86. Giving a 30 year mortgage to an 86 year old woman is called 'equal lending opportunity'...not "predatory" as you say. Had she been told no - she could only get a 10 year mortgage because of HER AGE (Helloooo) - that would be discriminatory. Don't preach what you don't know. Would you deny her assistance because of her age?? I don't think so...and if you did, I would LOVE to be her attorney.
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tessti11 year, 1 month ago
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A mortgage company cannot discrimate against someone at least of legal age to sign a contract. Being 86 has nothing to do with getting a mortgage. Property value and creditworthiness are the two biggest factors to qualify for a loan.
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funchsr1 year, 1 month ago
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People, I worked in a loan "workout" department, and I can say that some banks usually do what they can to make a deal with the creditor because they DON'T want to take the property.
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And the person saying that the bank cannot discriminate because of age is correct. If you didn't know...non credit union banks have an alphabet of Federal Rules and Regulations that they go by.
The simple rule of thumb..if you can't afford it - don't buy it. -
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lmc18fan1 year, 1 month ago
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You cannot consider someones age when they apply for a loan, THAT is against the law. (you cannot consider age, race, marital status, etc.) Since this loan was sold to FannieMae, the lady must have met the loan guidelines at the time she took out the loan. Don't think that every loan taken out was fraud on the lenders fault. Most of those loans were sub-prime loans and those loans were not sold to FannieMae and FreddieMac. You need to do your own research considering the mortgage problems, not listen to all of the liberal news sources.
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TimALoftis1 year, 1 month ago
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CNN is now reporting that Fannie Mae is going to forgive the loan made to this lady.
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http://www.cnn.com/2008/US/10/03/eviction.suicide....-
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kasinkathy1 year, 1 month ago
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Too bad Fannie Mae did not consider forgiving the loan before she took such desperate action. I understand the legality of giving her a loan, and the reasons she might seek one, but there should have been some assistance to help her manage her expenses, so that things would not have gotten to this point. Does she have a family? Or anyone who cares about her for that matter?
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LadyWolfDancer1 year, 1 month ago
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No...some of us do not have family or friends...I am new to my area, live in a very isolated place that my husband and I chose as our dream home. He died June 1 and now I am totally alone, no income, no help, can not work, and have no where to turn. Unfortunately I'm not old enough to be quite this pathetic, but otherwise, yeah, it's the same story.
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annabella1221 year, 1 month ago
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I agree and i am appalled that the people running fannie mae made so much money it makes me sick. one of obamas advisors in charge of fannie mae made 90 million in 6 years. Now spread that around to the middle class if u r so worried about us. yes that was 90 million. unbelievable' the greed of some people.
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And although i don;t believe in socialism we r our brothers keeper_ years ago churches , salvation army and families helped each other. we need to get back to caring and sharing instead of the greed that some americans have in their hearts!And banks today just get away with legal robbery! -
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nationofwhiners1 year, 1 month ago
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Ummm. Sorry, but you can place a lot of the blame on liberals, democrat or republican, for the pressure applied by the likes of Barney Frank and Christopher Dodd to give everyone a mortgage regardless of credit, ability to pay because lord knows it's a god-given right to have a house. Makes you wonder that if you're unstable enough to shoot yourself that we knee-jerk and say o.k. keep the house. This doesn't work with 2 year olds, what makes people think this isn't going to have more repercussions throughout our country
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bigbusgirl1 year, 1 month ago
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I agree, I have the money every month to pay my mortgage but then what do I do next pay my electric or get oil or buy a space heater to lower my oil bill for the winter or hell just shoot myself in the stomach and hope that the mortgage company will write off my $210,000 mortgage then I could get all the food oil and buy my kids a great christmas. Nothing against that old lady but shame on her for doing that to herself and her family
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willo19581 year, 1 month ago
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I FEEL SORRY FOR YOU, YOUR IGNORANCE & YOUR APATHY. YOU ARE A FOOL IF YOU CANT COMPREHEND THE MENTAL STATE OF OLDER PEOPLE WHO ARE THE MOST PREYED UPON. TRUST ME GOD HAS NO USE FOR YOUR KIND IN HEAVEN. I WILL SEE YOU AT THE BAR-B-QUE ON JUDGEMENT DAY. GOD BLESS YOU.
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LadyWolfDancer1 year, 1 month ago
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Exactly. This is infuriating....if she wanted to die, she could have done it right, people do every day....she wanted to play drama queen and shirk the responsibility. How nice for her that it worked out the way she wanted. It is nauseating.
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nicepeach21 year, 1 month ago
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Amen, finally some sense and obviously not from politicians who could care less as long as they are at the trough. I like what Sarah Palin said in the debate, teaching responsibility which we have long forgotten. The government is guilty of overspending and so are the people. God help us.
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corvette07181 year, 1 month ago
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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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pa3387511 year, 1 month ago
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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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mickieh5131 year, 1 month ago
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first of all...it is against the law for a lender to deny an applicant based on age. If she is on a fxed income. her income is the same now as it was 10 yrs ago. Second and most important, I think it is sad that it takes someone trying to kill themselves for the mortgage association to work with work with the customer. They could have done something to help her beofre all of this happened.
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bdizzel1 year, 1 month ago
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no kiddin! shotgun, here i come. someone call sallie mae and tell them i shot myself over a few thousand bucks. granny must not have been too serious about it if she didn't even succeed in finishing the job! now she goes to the hospital (on the government/taxpayers) AND gets to keep her lovely home!!! pitiful!
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Patraleyeon1 year, 1 month ago
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what a sad story...I do agree, that is sort of predatory lending, but at the same time, if she has the income to qualify for a home and is not given the loan, then that's discrimination due to her age. However, I certainly hope people don't start shooting themselves in the hopes of Fannie Mae will give them their home "outright".
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sickofthispile1 year, 1 month ago
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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.
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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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MAM1 year, 1 month ago
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Incase you've been asleep the past 8 years....a REPUBLICAN has been in office the whole time. Our REPUBLICAN president is the one who managed to get us in this mortgage crisis. Saying it's about a democrat is pathetic and ignorant. Perhaps if people learned to take responsibility for their actions in this country these types of things would not be such an issue.
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GETREALYOU1 year, 1 month ago
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YEAH, BLAME IT ON A REPUBLICAN, WHILE A FAT ASSED DEMO SITS IN CHARGE OF THE PROGRAMS, LINING HIS POCKETS OFF THE SWEAT OF THE WORKING PEOPLE AND LAUGHING ALL THE WAY TO THE BANK, BECAUSE HE KNOWS IT WILL BE BLAMED ON THE REPUBLICANS. THE DEMOS HAVE MADE THIS A WELFARE NATION SO ITS NO WONDER THAT WALL STREET EXPECTED TO BE BAILED OUT. THEY GOT AWAY WITH IT THIS TIME, SO YOU CAN EXPECT MORE OF THE SAME IF OBAMA GETS IN OFFICE.
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cs061 year, 1 month ago
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You sound like a fool to blame the Democrats for the problems that we are having with foreclosures. If you idiots wouldn't elected such a ignorant president twice we would be in much better shape as a nation. I cannot stand people who have no compassion for the hard working people who deserve the same opportunities for homeownership as anybody else. It is the hard working americans who are dealing with the worst tax breaks and not to mention higher interest rates. You all supported a idiot who has spent all of our tax dollars in Iraq over a useless war. Do you all realize that this is the reason why America is in such a horriffic economic crunch? Don't blame the hard working americans because of higher gas prices, groceries, etc. We are working just to give it all away so the government can squander it all however they see fit.
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LCW512391 year, 1 month ago
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We should all stop to think that lenders are there to make all the money they can off of anyone that will signup for a loan.
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Saving and paying cash helps ourselves and our country. Should all people who take out loans be demonized, NO! Should all of us try to have patience building our wealth and possessions, YES! The lenders are not a problem, they will not hold a gun to our heads, just talk us into a deal to make money. Have patience and save, pay cash and let the loan officers and wall street trash find a real occupation.
Debt free and homeowner with all the goodies I will ever need! God bless the lady that had to make the decision to harm herself! L.W.
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ADarkAria1 year, 1 month ago
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Before spouting off and proving to be an intellectual midget, it is always wise to research facts instead of fantasy when expressing a point.
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Delve into the vitriol and subterfuge of the likes of Barney Frank, Christopher Dodd, Maxine Waters, and Frank Raines to name a few on the issue you fault the current administration for. I am not a Bush proponent -- in fact far from it -- but in fairness, the facts of history speak volumes if you are educated enough to understand them.
Equipping yourself with knowledge goes much further than casting blame -
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willo19581 year, 1 month ago
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I FEEL SORRY FOR YOU. YOU DON'T GET IT, & YOU NEVER WILL. THEY, OUR GOVERNMENT IS A SINGLE ENTITY. AT THE END OF THE DAY, WHO BENEFITED FROM ALL OF THIS? BUSH & CONGRESS. THEY PLANNED IT TOGETHER & AT THE END OF THE DAY, THEY COUNT YOUR MONEY & LAUGH AT ALL OF US. GOD HELP IGNORANT BLIND AMERICA! GOD HELP US.
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not2say1 year, 1 month ago
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God Bless this woman and shame of our government who should be
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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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dbailey51 year, 1 month ago
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I recently took out a loan with Household Finance in Michigan.
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Fell behind on payments, lost the insurance on the loan.
Although I make payments on the loan, every 3/4 weeks, I
noticed the loan officer sitting across the street from
my house, looking at the house.
Sad situation I finance companies are in.-
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isis1221991 year, 1 month ago
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Stay away from all things Household Financial. They're the lender that the company I work for uses, & I HATE them...Everyone in my company hates them. They can't wait to hold onto your payment until you have late fees, (there was a class action suit a few years back for that,) charge you for insurance you didn't sign up for, tack on fees that aren't adequately explained, etc. I believe in personal responsibility, which is the only reason I can still stomach telling my customers that yes, they are responsible for the bills, but it still makes me sick that you need an interpreter any more to understand your accounts!
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lily20091 year, 1 month ago
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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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lily20091 year, 1 month ago
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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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4thepeople1 year, 1 month ago
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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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RBNSCT1 year, 1 month ago
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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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Annk11 year, 1 month ago
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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
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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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MAM1 year, 1 month ago
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This wasn't even in reference to me but I have to say...
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does "learning" something in church mean that person isn't capable of having an opinion in an online forum? Sorry we can't all be holier than thou. And last I checked...there were plenty of older people who didn't have the faintest clue about the world around them. Age spots do not constitute wisdom.
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callterrence1 year, 1 month ago
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Countrywide Mortgage has a division known as "Landsafe". A division owned and operated by Countrywide Mortage. If a consumer hires a independent appraiser to appraise your home, Countrywide's Landsafe division will find a way to under value your home to where you as the consumer will have to pay a private mortgage insurance bill on top of your monthly mortgage payment. This is all in their way to get the consumer to pay for all the financial messes that Countrywide Mortgage have gotten themselves into. If you ask Countrywide directly, like I have, Countrywide Mortgage WILL NOT investigate ALL the PMI mortgage loans held by themselves in fear of opening a LARGE can of worms with ALL their PMI customers who are paying way to much for their PMI payments. A major problem of this nature can not and should not be ignored and should be investigated by the proper attorities, such as the FTC, FBI,as well as HUD. I my self have sent extensive letters to each of the listed above, as well as Countrywide Mortgage.
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Terrence Callahan
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carmenandy11 year, 1 month ago
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Some you guys don't know beans. You have never been in a situation as this woman. People prey on others without us really knowing our rights or their reason. I am a senior younger than this woman, and it seems like after you reach 60 the world take you onjust to fleece you, destroy your dignity and think you are a fool. Before you young ones were born guess who kept this world and workforces going us - do disrespect usnow that we are not as spritely as you are- if you live long enough you will be where she is now- therefore do the right things that you will not have to be where she is if you live to be 90.
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queenforce1 year, 1 month ago
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I do feel sad that this woman had to resort to such an act, but I do agree with kucinic. This bill does nothing for the people of America in trouble. why do we have to bail out wallstreet with our money, when they were irresponsible with their investments and lending practices. I say give that 700 billion to us and let us pay off our debts, and also put some that money to the crippled soc. sec. Don't you wonder how we never had money to put back and rescue Soc. sec. but we manage to pull out billions for the war and now for the corrupt rich and greedy wall street jerks. I've written to my senators and congressman to tell them I want them to vote no and to come up with a bill that will give this money to us. It's our tax money after all. It belongs going to us. What better way to free up lending and credit lines if people have no debt, and invest and save their money. Plus, with clear debt they'll have more money in thier pockets to spend. This money could definitely save Americans. I say tell your representatives to come up with a bail out Americans bill. then I hear they tacked on another 100 billion, so now it's 800 billion. WAKE UP AMERICA.Stop the mentality of our gov't will take care of everything and make sure all comes out well. OPEN UP UR EYES. The gov't no longer holds America's interest. They line their pockets and whoever lines their pockets. We need to stand up. Enough is enough.
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highviewranch1 year, 1 month ago
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This is America at it's best. If anyone thinks Obama is going to Change America? Someone has their head in the Sand. Everyone of these failed lending organizations. Every CEO and the Board of directors should get life in Prison. Every one of these organizations should have been left to fail. One business fails; another business opens and becomes successful. It's called Free interprise. Government bail outs do not work. 90 year old woman foreclosed on. How in hell did she qualify for a loan. What kind of income did she have? Sounds like a crooked Broker took advantage of a very old senior Female. Someone needs to be in Jail over this
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queenforce1 year, 1 month ago
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I understand that they can not discriminate over age, but obviously she doesn't have enough money. They must have seen and known that. When my hubby and I were in our early twenties and he was in the military, they wouldn't let us buy a house, we had too much debt to income ratio, and the only debt at that time was our student loans and 2 credit cards. Forward to today, we're still in the military and we only wanted to rent but they try and convince you that it's better to buy. They tried in Florida and they tried here. Where we are now, they told my husband that he was approved for 140K. I said to my husband on what income. Sure if we dind't have 3 1/2 kids and bills maybe. They obviously just based it on his income and nothing else. Perhaps if we gave the go ahead they would have taken into account all the debts. We barely made it on renting. With the utilities, and rising cost of living. We barely made it check to check and he makes a good bit. I think so anyhow. We shouldn't have been struggling, but we were. We've since moved on post with no rent and utilities to pay,but with the continual rise in gas and food and everything else, we find ourselves back in the same boat. Our gov't needs to be held accountable and corporate America. They are driving America straight into poverty. The ones just floating are now sinking. Who's bailing them out. Gov't has allowed corporate to take our high paying jobs across seas, which was suppose to lower prices for us. Havn't seen that yet. How do they expect us to afford to live and buy their products if they take our jobs away and raise prices. I'm not well educated and I don't know much about finance, but I can clearly see that something smells in denmark. rich and greedy have no compassion for this country and it's people. they get rich off our backs and expect us to be happy with the scraps they throw at us. Stimulus check my butt. How many of you were able to spend it on anything other than bills. That's where mine went. He says he's going to give us another one. REally, how about a big chunk of that now 800 billion. I'd rather have that than the crappy 1000 or so he plans on giving. Dumb @ss president. Write to your senators, congressman anyone who will have a vote on the economic rescue bill. tell them no, and to give it to us. TAX FREE.
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ladywolfrider1 year, 1 month ago
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You don't say if you work or not. I was married to a career military man,with 3 boys and I worked. You and others that complain have to learn to live within your means. Just because you have extra money doesn't mean you have to spend it. You need to save it for a rainy day. You say that you aren't well educated, well maybe you should go back to school and get a degree. I see people buy these big houses, SUV's, etc. that they are living paycheck to paycheck just because they have to keep up with the Jones's. Then one gets laid off, gets fired or even have medical problems so they can't work and then look what happens! Then they complain because they can't pay their bills.
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getwau1 year, 1 month ago
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This is despicable. How sad. I hope the Feds will be as willing to bailout hardworking Americans when we have financial difficulties - FAT CHANCE! You can only count on your family to look out for you. I discovered one of the best books you'll ever find about finance, "How to Become Filthy Rich on Your Current Income" at www.how-to-become-rich.com. If people read books like this one we wouldn’t have the
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current situation we do. -
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rwethereyet1 year, 1 month ago
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You can't live on social security and, at her age, that is obviously All she had. Fortunately, this is Still America and she was able to take out a loan on her home to buy food, clothing, insurance...the things you need to "survive". (The lender should be put in jail for not telling her she could have gotten a reverse mortgage on her home and gotten a check every month)
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skys20081 year, 1 month ago
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Regardless of why she was in need of the loan, her equity gave her the right ratio, common sense and customer intrest by the lender, was replaced by greed. If she needed money she should have been directed to a reverse mortgage, where as the payments would be drawn off the equity. With her age, this would have been safe and realistic for every one involved. But again the banks do not care about anyone. It is sad to see someone that lived so long, be taken in by these corupt people. And then they get rewarded for there tatics with a bailout..
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PD51501 year, 1 month ago
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WHAT AN UPLIFTING STORY FOR US ALL!
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Cant pay your bills?? No problem, just shoot yourself and the loans are forgiven. Hey better yet, go into a bank and when they turn you down for a loan, pull out a gun and shoot yourself. Maybe then thet will be happy to give you a loan... And why not? They just got a 700 BILLION handout that we are all paying for, so why shouldnt some of it go to us? -
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wishforfuture1 year, 1 month ago
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whatnowu2
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Have you been to Asia? Do you know how complex things are now? (I've lived in both China and Japan, with time spent in a number of Southeast Asian nations as well.)
When China instituted its one-child policy, it ensured that much would change. Respect for the elderly may have been a social norm in previous generations, but a wave of self-centered children is growing up without sibling interaction; these children are the focus of the entire family and there is no guarantee that family dynamics will be what they were a hundred years ago.
Detailed discussion of how that stereotypical guarantee of respect for the elderly in other Asian countries is also no longer the case would start to get too far from the them of this article.
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pjbess571 year, 1 month ago
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Look they do this stuff all the time. Yes, you cannot discriminate, but where does common sense come in. Something was really wrong if this 86 year old lady took out a 30 yr mortgage. A red flag should have come up somewhere. Questions should have been asked when she took the loan out.
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Either she has capacity issues, mooching children or something that is not in her best interest. Someone was not looking out for her. -
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louise89051 year, 1 month ago
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I hope when (if) you and others like you get to be 90, no one shows up at your house to force you onto the street. Where would you go? How would you have shelter? How can a 90 year old woman make it on the streets? She's not tough and healthy. She's NINETY. As a society, we should be ashamed for not taking care of our elderly people. In most nations, elderly people are revered and respected for their wisdom and knowledge. They are turned to for advice, etc. Here, most of them get tossed out at least figuratively, if not literally. It's a shame on so many levels. It ought to change. We ought to be caring for those old people who cannot care for themselves.
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pjbess571 year, 1 month ago
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This stuff happens all the time. Yes, they cannot age discriminate, but when an 86 yr old woman shows up to get a 30 yr home loan, something is terribly wrong. Either she has capacity issues, financial problems or mooching family members. In any event, soomething is going on that is not in her best interest and a 30 year note is not what she needed. They just say a loan and ran with it. No one looked out for HER.
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When Countyrwide was serving the eviction notice, did they happen to see that she was 90? Another common sense question? Did they want to be responsible for setting a 90 yr old out on the street. The old folks are like that. -
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bettytams1 year, 1 month ago
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Just because she was 90 years old is not a reason to deny her a mortgage. That is discrimination. Perhaps she needed the money. In the event of her death, her estate would pay off the loan with the sale of her house or funds. If they got her into an ARM rate that is a different story. I own a mortgage company and I would never put someone on a fixed income into one of those. I have talked many out of them.
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goldenrae11 year, 1 month ago
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These people took out more than they could afford. They wanted more house than their income could provide. At closing they were told to sign here, initial here.Meaning: If you don't understand what the terms of the loan,,DON'T sign it!!!! If you don't understand the terms of the loans, you should have hired an attorney to explain it to you. I have no pity for anyone that was so selfish to live beyond their means, then expect the gov't to bail them out of/ or walk away from their obligations!!
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Sarah561 year, 1 month ago
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It's bad because they put materialism above a partner and children. In the end, many children can be taken away from these parents, and in the end I just want to know: was the master bedroom suite you bought at 36 with the granite kitchen countertops and remodel and the stainless steel appliances, (some are 5k plus) worth sacrificing your kids for? I know many were sacrificied by either overweight lazy mothers who didn't work with Ritalin usage, and by working women as well; in this case to prove to their huz's how much they're bringing to the table, which is why they were married. I was married for my looks.
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lordlmnoangel1 year, 1 month ago
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My Father's house was paid off in 1983. Then in 1998, came the doctor bills for my Mother (even with insurance (HMO), it was over $250,000.00), my Father (again, HMO, and over $50,000.00) and then the DRUNK F****** UNINSURED driver that crippled me (even with $50,000.00 PIP that I carried, again, my bills were over $150,000.00). Needless, to say, I had no choice but to mortgage the house, which is the LAST thing I wanted to do! I moved in with my Dad (my Mother died in the hospital) and I sold my house and used the proceeds to pay most of my medical bills and buy a car, since the DRUNK had TOTALED MINE (it was PAID FOR and only 2 years old!). And, he didn't have a pot to **** in so I couldn't even sue the jerk! Maybe if I shoot myself, Bank of America will just "forgive" my loan! Ya think?? UMMM... YEAH, RIGHT!!! I'll just sit here and HOLD MY BREATH!! ~smirk~ The most important thing is .... I still have my sense of humor!! =) (Does anybody want to make my mortgage payment this month???) ~grin~
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Lyd1 year, 1 month ago
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This woman got a mortgage at the age of 86 because we live in a country that does not discriminate because of age. I was in the business 18 years. I got out when the fraud started. But before that I gave people mortgages no matter what the age as long as they could qualify. She has every right to have a mortgage as an 21 year old if she can pay it. Evidently she could until the market went sour. I think Country Wide could have worked with her before this. Then again Country Wide is one of the mortgage companies being investigated. Also did you know that non US citizens can get mortgages. I don't think that is right. I believe every US citizen deserves a house if they qualify.
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Lyd1 year, 1 month ago
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This woman got a mortgage at the age of 86 because we live in a country that does not discriminate because of age. I was in the business 18 years. I got out when the fraud started. But before that I gave people mortgages no matter what the age as long as they could qualify. She has every right to have a mortgage as an 21 year old if she can pay it. Evidently she could until the market went sour. I think Country Wide could have worked with her before this. Then again Country Wide is one of the mortgage companies being investigated
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Sarah561 year, 1 month ago
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I hope women everywhere see how important it is that you provide money for your retirement and save as much as you can now, instead of living the highlife or not looking out for your interests in regards to men and being a free cow like a fool, screwing over your sisterhood, and ultimately yourself. The expectations and pressure is very intense on today's women, but don't buy into it, and save and shop smartly and that includes concerning a man if any. You can see how many women lost homes due to mortgages requiring two incomes and them being married for that expectations, save large, live smaller.
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boyerkeys1 year, 1 month ago
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That's what it takes to keep your house? Are they going to build ramps for her in case she lives These are the people the we just bailed out.I'd be willing to bet it will start a trend. Watch the news folks, it's going to happen. People want to keep their homes and are willing to go any length to keep them. When I lost mine no one bailed me out.WaMu/ Four Star all same company and sell mortages back and forth and you pay for the transfer and don't even know it till it's c done. I have paperwork to prove it. The judges allow them to write their own papers and make it legal, because they lose alot of paperwork. Imagine that. I have proof in black and white.
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Sarah561 year, 1 month ago
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There's alot more people that are going to be doing this, only they brought kids into it. Americans have had too high of expectations of a lifestyle for too long; they all want the stuff but they don't all want to understand that to get stuff on good terms is VERY VERY hard. Accept most are not rocket scientists and live accordingly, and do yourself and everyone else a big favor.
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Sarah561 year, 1 month ago
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Anyone who gets the stuff on solid terms, worked super hard to get that. It isn't glamorous to live with them; they saved because they knew no one was going to bail them out. They had to be disciplined in different ways. They would NEVER pay for and how what so many people have of late. It's your life - as this woman shows. It's not monopoly money, and you aren't sitting on Park Place.
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Sarah561 year, 1 month ago
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You get wealthy by not overspending. Sure my mom didn't have to work but I think she was given about $20.00 a week back then. Women didn't have all the stuff they have now, but they sure had a solid home, marriage, and transportation etc. Everyone, lower your expectations and get wealthy,not apparently wealthy.
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mom2jack041 year, 1 month ago
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Most everyone posting comments needs to pay attention. You are all saying: why would anyone with an 87-90 year old woman a 30 year mortgage? No where in this article or video did it say that! The neighbor said he's lived next to her for more than 30 years and he thought he home was paid off. Then CNN reported she got a loan several years ago. Most likely she borrowed off the equity for any number of reasons, from medical, home improvements, living expenses, whatever. But she didn't get a 30 year mortgage at that age, just a loan!
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CommonSense078011 year, 1 month ago
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If her original mortgage was paid off. How would she stiff the bank? The bank looks into how much your house is worth. Her house was probably worth triple or quadruple times what she barrowed. The bank knew by giving an 86year old lady a loan, she would default on it and the bank would take her home. Who is the real stiffer here? Our Corrupt BANK SYSTEM. Giving 45,000 loan and taking a 135,000 house. Now that’s a steal.
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Sarah561 year, 1 month ago
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The power of compound interest; I think it should be everyones duty to create their own pension, live off the interest in addition to their ss or whatever else they might have, to cover their lifespan and leave something to their children, I don't speak for my family, it's just a good thing to do; and easy if you start young enough and don't get greedy which includes too materialistic. Some get too greedy and do really stupid irreversable things they will always hate themselves for; and I have seen old people in the workforce with financial problems, and it is ugly; and no one wants an old poor person.
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ltshi41 year, 1 month ago
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Maybe her family didn't know alot of older people like to pretend that they have it all together. They don't tell the family about things that may be happening and go thorough great lengths to hide things, because they don't want the help then they feel like a burden.
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cynandwyn1 year, 1 month ago
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They didn't have to do that so I say God Bless them. At 90 years old I am sure it must have been frightening for her at her age to wrap her mind around being "homeless" or having to live with someone if she had anyone she could live with. Poor lady, I am praying for her. God I pray I live to be 90. They will get back in blessing giving her the home and letting the rest of the loan go. God rewards those who do the right thing.
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Sarah561 year, 1 month ago
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Everyone in "People" mag, or whatever, likes their money and it is hardly an accident. But, don't compare yourself to them, because they took a risk most people won't take, unless they're related to the industry, and alot of them are not impressive and their lack of talent and looks show. Because they took such a high risk they might also spend very differently, but YOU, the average person must never compare yourself to them, because you will never be them, and you don't know what's been done to them or how they got there, so stop wanting everything they have and paying for it.
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KAT081 year, 1 month ago
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I CAN'T BEIEVE EVERY NEARLY COMMENT TALKING ABOUT POLITICS !!YES, THEY ALMOST LIKEY ARE RESPONSILBE FOR THE WOOF AT HER DOOR . SHE VERY WELL MIGHT HAD THE MEANS TO MAKE THIS MORTGAGE PAYMENT .BUT ! WHAT IF HER HUSBAND GOT SICK YEARS AGO ,UNEXPECTLY ? SHE HAD TO QUIT WORK TO CARE FOR HIM ,SPENT ALL SAVING ON MEDICINE TRYING TO SAVE HIM . LET ALONE BURIAL COST . SHE FOUGHT TO THE END TO SAVE WHAT SHE WORKED ALL HER LIFE ,RAISE KIDS .MAYBE WORKED IN HER COMMUNITY ? JUST MAKES ME SICK THINKING WHAT WAS GOING THROUGH HER HEAD AT THE TIME ? REMINDS ME OF A CAPTAIN GOING DOWN WITH THE SHIP .
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scottiewad1 year, 1 month ago
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I just wonder as many of you do. Does the heartless SOB CEOs read this news. If they do, does it really bother them. I highly doubt they care. They look at us as peasants and if we persish it is one less for them to rob. We will sadly read more stories similar to this as more and more people lose their homes, their 401-Ks, their jobs.
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The world's fincancial life goes in cycles. The wealthy have enjoyed the good times now stand by for the warrior period. These greedy animals will be dragged out of their mansions by the poor still gripping their loot! -
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clemsonmom581 year, 1 month ago
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What people seem to be taking from this "bailout" is that ALL of the homes that are being foreclosed upon are people who were subjected to predatory lending practices. THAT IS NOT TRUE! Out of the 9,800 homes being foreclosed on daily, 45% of those are people who DO NOT HAVE JOBS due to the lack of leadership for the last 8 years. Without regulation of our banking and credit institutions, heathcare costs that have skyrocketed due to illegal immigrants abusing our hospitals and healthcare facilities without payment, and a war in Iraq that is costing $10 billion a month x the number of months that we have been engaged in a war to nowhere. Many of our military personnel have been deployed more than once and not compensated enough to care for their homes and families, causing them to lose their property while serving our country in this hidious and useless war. It's not always people buying over their heads. Without healthcare, one person in your family becomes ill and you lose everything without efficient and affordable healthcare. It's time that people quit blaming each other and get on board to change all of this. We have let our government PAY Iraq soldiers NOT to fight so that we could pretend that the $32 billion dollar SURGE worked? And, no one asked the taxpayer to pay $25 billion dollars to GM, Ford, and Chrysler last week, did they? And a 90 year old woman has to kill herself because she has nowhere to live? She isn't the only one to do this, check how many others have committed suicide because they couldn't see another day of having their families live with nothing, and it wasn't their fault.
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adicicco1 year, 1 month ago
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It's a New World Order. America is owned and operated by others than "We The People. Thomas Jefferson was correct. We didn't fertilize the tree of liberty with the blood of patriots and tyrants. The tree is now dead. This is a hostile takeover by corporations victimizing the weak, disabled, elderly, children, etc...under the guise of protection.
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Listen to Alex Jones for some truth. www.infowars.com -
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Cheerful_Giver1 year, 1 month ago
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I'm sure she had more important things on her mind, like medication, food, you know the simple things in life. If you have credit they have to give you the loan because that's what the Law states. Besides who at 86 years of age would take out a mortgage, that lives on Social Security and maybe a small and I mean small pension un less they had no choice? That's what's wrong with our Society today, there is no impathy or sympathy for one another. The Bible says judge not, lest yea be judged. How many of you live in Glass houses? God Bless and Forgive you all for you know not what you say.
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sav1 year, 1 month ago
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Many elderly,have all their money tied up in their homes.I know several in their 80's who took out 30 yr mortgages the past 2-3 years, low interest and long term fixed mort.30 yrs..They,divided the monies,investing it for higher interest. example: 200,000 not making NO interest ( House rich, cash poor), VS, 200,000 divided into 10-20 accounts earning interest,enough usually to pay the payment & make some extra money, for them to live on. Especially women, widows, They usually don't have the capital for long range, Men always get More retirement income,because they earn more,usually. ..especially at their age ( 90's) or..medical could eat your savings up..I'm sure her family had NO idea..She had taken out a mortgage..Many have to much pride and wouldn't tell their families.. Also, She wouldn't stiff the bank..if she dies. Her family would inherit the home and sell it or pay off that mortgage to keep it. Or allow it to go to foreclosure. This would depend on what she borrowed and the Present value..if she only owed, say, 45,000..and the home was worth 200,000 would you, as her family allow, it to go to forclosure? Or would you try selling it for the difference?
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She probably didn't have enough retirement, income monthly, SS etc and didn't want to burden her family..God bless her.
As for the BAIL OUT...those CEO's who paid themselves Millions last month ( one man envolved worked 3 weeks for 19 million) should all be ashamed..We as a Govenment..are NOW rewarding Corp..for failure..How pitiful...The Govenment Should make those CEO's PAY back every penny..they STOLE in the name of FRAUD!! -
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nancimeek1 year, 1 month ago
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Seriously? Check this out if you want to know about people/lawyers/banks raping an elderly person and taking advantage of them and their estate Check this out
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http://youtube.com/watch?v=d_PiKumEPVU -
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GUSGUS221 year, 1 month ago
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HOW CAN THEY EVICT A LITTLE OLD LADY?? DOESN'T ANYONE CARE OR HAVE HUMAN COMPASSION ANYMORE?? SHE PROBABLY HAD TOO MUCH PRIDE TO ASK ANYONE FOR HELP. THE WORLD HAS BECOME SO COLD AND CRUEL FOR PEOPLE TO SEEK HELP ALL PEOPLE DO IS SEND THEM ELSEWHERE.
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debizhere1 year, 1 month ago
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"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."
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Gee - how big of them!!!! Considering the government, ie us taxpayers, had to bail their a$$es out of the mess they made with their own company....how big of them to forgive this woman! -
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poorboy2431 year, 1 month ago
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The reason that Countrywide probably made her the loan was this, Maybe just maybe, she was saddled with huge credit card debt at high interest rates, maybe she also had other high interest rate consumer debt. Just a possible scenario is this, her current debt and credit card bills total 1000 per month, her new loan at 45000 is probably 300 per month, saving her 700 per month. People make me sick who dont know what the hell they are talking about when they start talking about "predatory lending", they dont know what they are talking about. By the way, the above scenario was neither predatory or unethical due to her age, however age discrimination is Illegal ! KNow what you are talking about before you start with that ****...
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216USA1 year, 1 month ago
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Man, there are some shrewd people in this country. How can you live in America and not have sympathy for poor people? It boggles my mind. If your affairs are in order, thank God. But don't use your knowledge, exposure, privilege, and countless other things that you probably benefit from that you have yet to discover, and then look down on people who do not, or did not, have the same experience that made you such a perfectly fiscal American. This woman was not living with dignity. That should be a problem for us all. I'm an attorney. I am almost certain that my children and I will do fine throughout our lives. But everyone cannot be an attorney, everyone will not be able to work until retirement, everyone will not be a millionaire. But EVERYONE in this country should live and die with dignity.
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scherrycake1 year, 1 month ago
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DO YOU KNOW WHAT PI--ES ME OFF. ALL OF YOU ALLCOME ON BEING JUDGE AND JURY ABOUT THIS LADY AND I DO MEAN LADY. MY MOMMA TOUGHT ME TO RESPECT MY ELDERS. IT'S NON OF YOUR BUESSNESS. WHY SHE TOOK THE LOAN, MAYBE TO BARY FAMILY MEMBER OR HUSBAND. OR FIX HER HOUSE. BUT IT DONT MAKE A DAM DIFF. , SAY A PRAYER FOR HER RECOVERY. HERE I'LL SAY ONE. GOD WATCH OVER HER AND LET HER RECOVER TO HERSELF. AND KEEP HER SAFE. GOD BLESS HER. AND IN YOUT SAFE HANDS GOD. FOR SHE WAS SCARED. SHE WAS ONLY A NORMAL PERSON SCARED TO DEATH. LOVE HER GOD AND MAKE HER WELL. THANK YOU GOD FOR HEARING OUR PRAYERS FOR HER AMEN.
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JAC20081 year, 1 month ago
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Repubs are such lovely folks.
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When other people's choices affect their pocketbooks they scream "personal responsibility!" "make better choices!" etc, etc. It's basically none of their business.
But when other people's choices have absolutely nothing to do with them (gay marriage, abortion, Terry Schiavo's healthcare) suddenly they have a vested interest and begin hollering about the bible.
What a lousy, shallow, two-faced pack of hypocrites. -
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lakerman1 year, 1 month ago
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There are too many unanswered questions about this tragic situation. Was this, in fact a Reverse Mortgage loan? In any mortgage situation, other than the reverse mortgage, the ability to pay back the loan must be proven reguardless of the property value. Banks/Mortgage companys are in the money business; not the real estate business. They want their money back +interest. Was there a co-signer who failed to cover her payment default? How far behind was she in her scheduled payments. If the mortgage association decided to cancel this debt, who autorized the eviction notice? Passing judgement is easy. Passing correct judgement requires knowing all of the facts. This situation has many more questions than it does answers.Prayers for this woman. Hopefully she will recover.
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mbewill1 year, 1 month ago
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We white people need to vote for McCain in 08!!!!
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Obama has too many terriorist associations.
Obama is a fraud. He took a lot of money from Fannie Mae and Freddie Mac; he didn't care if poor people couldn't afford these mortgages. He is a puppet for Nancy Pelosi and Harry Reid. But, they don't know that Obama is running his campaign like a mobster from chicago. Bill Clinton has already called him a Chicago Thug.
McCain isn't young and handsome, but I much rather have an old sea dog at the helm than a lying muslim in the White House.
Remember, Obama said that we white people are bitter and cling to our guns and Bibles. He has already said that America is no longer a Christian nation. Don't put this man in the whitehouse. We white people are the ones that will decide the vote. We better make it count because we will no longer be in the majority in this country within the next 15-20 years.
McCain in 08. -
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Tobysmom11111 year, 1 month ago
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If this woman really wanted to die she would have pointed the tip of the gun at a lethal spot on her body and we wouldn't be having this conversation. When someone truly wants to die they succeed. Trust me. One of my parents commited suicide by shooting themself through the heart. I am sure this woman was despondent and afraid that she would not own her own home. But there are many of us who don't own our own home. Trying to kill yourself over something material is truly sad. In response to those who were asking "Where is her family?" There are also many people who do not have supportive families. Unfortunately this is also something I know about.
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Lyd1 year, 1 month ago
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I find it interesting that most of you are crucifing this lady along with all old people. The majority of the people in foreclosure right now are between the ages of 28-56. Most of them were deceived my money hungry loan officers, some didn't care because they just wanted a house at whatever cost. Why don't we quit blamming others and get this economy where it belongs. No with the hungry politicians. Who by the way since they denied the first package I thought they heard the people but they didn't. The second package includes tax breaks for all their rich friends and pet projects. Let's also take responsibility for ourselves. Our parents worked many hard years to get a house, car, extra. Today you all want it now. As a young person told me, my father has it so I want it. But your father is 57 and worked many years to get it. I don't care I want it now. Let's all get on a budget, government included and solve this economy problem. By the way knowing people in their 80's+ this woman probably thought she was going to jail because if you look at what she was seved it said sheiff on there. She probably didn't understand that she was losing her house and home. Which to tell you the thruth where was she going to go. She probably thought it would be better to die then go to jail.
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misswanda1011 year, 1 month ago
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Some please tell me if someone gets in trouble with their money income and payments for their mortgage why in the world wouldn't the bank or loan institutions find away to modify the loans. This makes sense to me.. If my spouse was to lose his income and we don't have the full amount however we still have a great portion to continue to contribute why not do a modification to the loan?
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louise89051 year, 1 month ago
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Oh the poor dear. It always breaks my heart when I see elderly people bagging groceries when they should be enjoying their golden years. This poor lady deserves sympathy, and I'm glad she's going to be ok. I am also glad that her small loan was forgiven.
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I hope that this doesn't start a trend of people shooting themselves and hoping that they'll have their mortgages forgiven. I can see some crazy person now trying to plot how to shoot him/herself without doing any real damage. -
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VictoriaC1 year, 1 month ago
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What an idiot! She's 90 yrs old and she'd rather die than lose her house? It's not like the place is a mansion or something. It looks like a dump. While I commend the bank for giving her the house outright, what about all the other people out there with mortgages they can't pay? Are other banks going to forgive the loan if they try to kill themselves and fail? Just wondering.
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bellybusterdiet1 year, 1 month ago
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SO let me get this straight, all I have to do is shoot myself in the foot and my mortgage company will say, "oh you poor thing, all is forgiven?' No wonder the idiots are going broke at mortgage companies!
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www.bellybusterdiet.com
Weight Loss Cruiser -
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Gerrih12211 year, 1 month ago
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I feel very sorry for this woman.... but it's a good example of what is happening out there today with Mortgages...EVERYONE who owns a home is in a crisis today. The appraised value has nose-dived, the ARMS are going up and the loans are changing, it's hard to buy a home and extremely hard to sell a house. If EVERYONE stopped paying their mortgage, I'd bet we'd see help coming from all directions!!!!! Why should some people get help from the governments program (coming out when??) and others not get help at all??...EVERYONE who owns a house is in need!!!! We are all in trouble!!!
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The government created this problem, the government should help each and every one of us!!!!
Until then we should ALL not pay another dime to ANY mortgage company out there... I bet we'd see things change real quick!! -
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Gerrih12211 year, 1 month ago
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I feel very sorry for this woman.... but it's a good example of what is happening out there today with Mortgages...EVERYONE who owns a home is in a crisis today. The appraised value has nose-dived, the ARMS are going up and the loans are changing, it's hard to buy a home and extremely hard to sell a house. If EVERYONE stopped paying their mortgage, I'd bet we'd see help coming from all directions!!!!! Why should some people get help from the governments program (coming out when??) and others not get help at all??...EVERYONE who owns a house is in need!!!! We are all in trouble!!!
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The government created this problem, the government should help each and every one of us!!!!
Until then we should ALL not pay another dime to ANY mortgage company out there... I bet we'd see things change real quick!! -
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bikeice1 year, 1 month ago
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NO ONE ever "stiffs the bank" when they "default" on a home loan. There never was a loan in the first place! It's called "fractional reserve banking" wherein a check is issued during escrow from the private banking consortium, non-Federal,no Rese
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