Comments for Ohio shooting puts face on foreclosure crisis »
Posted By ameliog 1 year, 1 month ago in FamilyBy the time deputies came to escort Addie Polk out of her home of 38 years, the 90-year-old had taken out her life insurance policy and placed it next to her pocketbook and keys in the neatly kept house.
She shot herself in the chest Oct. 1 before she could be taken away from the foreclosed house, which was worth less than its mortgage from the day she took out the loan.
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rwrnaeComment removed: Hard Banned
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amazed1 year, 1 month ago
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Yeah, I think a better "face of the real estate crisis" is someone who did NOT continually refinance and refinance their house until they had negative equity after 38 years.
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Her situation is a shame, but not unpredictable or even really tragic. I know it sounds cold, but if you borrow more than you can afford, you're most likely to get into trouble.
I guess then, if you're elderly and make a big, dramatic gesture, you get your loan forgive --otherwise known as something for nothing.
So, is she really tragic or is she gaming the system?
Someone who had a mortgage that they could originally afford the terms of, and who lost their jobs because of outsourcing, medical problems, declining fortunes of the company -- now THOSE people I have enormous amounts of sympathy for.-
rwrnaeComment removed: Hard Banned
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