Attempt suicide, get relieved of your mortgage debt…

[hipmatt]

I don’t want to sound insensitive, because I truly feel for this woman, (I’m sure her life is difficult in these times)but this is just crazy…

How are we going to determine who is a big enough charity case to receive a complete bailout? Where will it stop? Who is going to take the losses or pay for it? Does this create moral hazard?

Check it out.. NO JOKE
http://news.yahoo.com/s/ap/20081005/ap_on_re_us/foreclosure_woman_shoots_self

Mortgage forgiven for woman, 90, who shot herself
AKRON, Ohio – Mortgage finance company Fannie Mae said it is forgiving the mortgage debt of a 90-year-old woman who shot herself in the chest as sheriff’s deputies attempted to evict her.

Addie Polk’s plight was cited by Rep. Dennis Kucinich, D-Ohio, on Friday before the House voted to approve the $700 billion financial rescue package. Kucinich voted against the plan.

Fannie Mae announced later Friday that it would dismiss its foreclosure action, forgive Polk’s mortgage and allow her to return to the Akron home where she’s lived since 1970.

“Just given the circumstances, we think it’s appropriate,” Fannie Mae spokesman Brian Faith said, citing Kucinich’s statement and news reports. “It certainly made our radar screen.”

Polk remained in Akron General Medical Center and was expected to recover from chest wounds suffered last week.

She became the home’s sole owner in 1995 when her husband died, then took out a mortgage loan in 1997 and refinanced several times, court and property records show.

Countrywide Home Loans filed for foreclosure last year, and Polk’s home was sold to Fannie Mae at a sheriff’s auction in June. Deputies were to escort Polk from her home Wednesday when gunshots were heard inside.

Polk’s longtime neighbor, Robert Dillon, climbed through her window and found her lying in bed bleeding with a gun next to her. He visited Polk in the hospital on Friday.

“She said it was a crazy thing to do, now that she’s had time to think about it,” Dillon said.

[hipmatt]

“Just given the circumstances, we think it’s appropriate,” Fannie Mae spokesman Brian Faith said, citing Kucinich’s statement and news reports. “It certainly made our radar screen.”

How many other people are going to play the victim here, and now expect entitlements? I’m sure she isn’t the only senior in the country facing foreclosure… There are single moms, people with disabilities, people recently layed off, etc.. plus many more facing hardships, should we forgive everyone’s mortgage who is having a bad year? I get a bad feeling that taxpayers funds will be used to forgive pay for this loan.. I don’t think the direction this is going is good.

[hipmatt]

“Just given the circumstances, we think it’s appropriate,” Fannie Mae spokesman Brian Faith said, citing Kucinich’s statement and news reports. “It certainly made our radar screen.”

How many other people are going to play the victim here, and now expect entitlements? I’m sure she isn’t the only senior in the country facing foreclosure… There are single moms, people with disabilities, people recently layed off, etc.. plus many more facing hardships, should we forgive everyone’s mortgage who is having a bad year? I get a bad feeling that taxpayers funds will be used to forgive pay for this loan.. I don’t think the direction this is going is good.

[hipmatt]

“Just given the circumstances, we think it’s appropriate,” Fannie Mae spokesman Brian Faith said, citing Kucinich’s statement and news reports. “It certainly made our radar screen.”

How many other people are going to play the victim here, and now expect entitlements? I’m sure she isn’t the only senior in the country facing foreclosure… There are single moms, people with disabilities, people recently layed off, etc.. plus many more facing hardships, should we forgive everyone’s mortgage who is having a bad year? I get a bad feeling that taxpayers funds will be used to forgive pay for this loan.. I don’t think the direction this is going is good.

[hipmatt]

“Just given the circumstances, we think it’s appropriate,” Fannie Mae spokesman Brian Faith said, citing Kucinich’s statement and news reports. “It certainly made our radar screen.”

How many other people are going to play the victim here, and now expect entitlements? I’m sure she isn’t the only senior in the country facing foreclosure… There are single moms, people with disabilities, people recently layed off, etc.. plus many more facing hardships, should we forgive everyone’s mortgage who is having a bad year? I get a bad feeling that taxpayers funds will be used to forgive pay for this loan.. I don’t think the direction this is going is good.

[hipmatt]

“Just given the circumstances, we think it’s appropriate,” Fannie Mae spokesman Brian Faith said, citing Kucinich’s statement and news reports. “It certainly made our radar screen.”

How many other people are going to play the victim here, and now expect entitlements? I’m sure she isn’t the only senior in the country facing foreclosure… There are single moms, people with disabilities, people recently layed off, etc.. plus many more facing hardships, should we forgive everyone’s mortgage who is having a bad year? I get a bad feeling that taxpayers funds will be used to forgive pay for this loan.. I don’t think the direction this is going is good.

[Coronita]

repost, of a repost, reposted….

http://piggington.com/if_you_could_have_your_mortgage_company_forgive_your_loan_by_sho

[Coronita]

repost, of a repost, reposted….

http://piggington.com/if_you_could_have_your_mortgage_company_forgive_your_loan_by_sho

[Coronita]

repost, of a repost, reposted….

http://piggington.com/if_you_could_have_your_mortgage_company_forgive_your_loan_by_sho

[Coronita]

repost, of a repost, reposted….

http://piggington.com/if_you_could_have_your_mortgage_company_forgive_your_loan_by_sho

[Coronita]

repost, of a repost, reposted….

http://piggington.com/if_you_could_have_your_mortgage_company_forgive_your_loan_by_sho

[Author]

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