Comments on: Woman Weighs Suicide And Foreclosure - Chooses The Former To Avoid Losing Her Home

By: Ron Paul Speaks Out Against The 2008 Bush Administration’s Federal Bailout Plan - Why It Will Not Work And How It Will Hurt You Even If You Have No Money Invested In The Market

Wed, 24 Sep 2008 18:54:28 +0000

[...] if this plan works, we’re going to see the basics go up in price, house prices will still be falling, and in the end, we’ll still be taxed for making money as well as taxed for spending it. Only [...]

By: Val

Val — Sat, 02 Aug 2008 04:07:14 +0000

Even though we are told of instances of foreclosure in terms of statistics, to so many, it’s a story of a family member or friend that they know.

I’m not sure who to blame - the owner who could’ve taken different actions to avoid foreclosure or the banks and government who do such a poor job of keeping homeowners informed with all their small-print info.

It’s a spiral where everyone is chasing and blaming someone else. But one thing that we all can agree on in difficult times like this is that it’s a downward spiral that is collectively drowning us as a whole nation that once was prosperous and less wounded.

By: Ginnie

Ginnie — Fri, 25 Jul 2008 06:26:21 +0000

I, too, would be very interested in answers as well. It’s a terrible story but unless he became unemployed or that 100k+ a year was commission based and his sales market crashed, I don’t see how things add up.

Thanks for the clarification!

By: name

name — Fri, 25 Jul 2008 05:54:03 +0000

This is a sad and tragic story but there are some facts missing here.

The newspapers are reporting that she faxed a letter to the mortgage company and then shot herself. But neither the newspaper or the mortgage company know if this is in fact what occurred. All that is known is that someone faxed the letter to the mortgage company and that she was shot. The letter could have been faxed by someone who murdered her and someone else could have shot her.

There is no claim in any of the news reports that the mortgage was to high for them to afford (more than 30% of their income), nor is there any mention of any egregious interest rate or any mention of what the interest rate wa, something which likely would have been measured if it was unreasonably high

The husband made around $100,000.00 i.e. about $8000.00 a month so they easily could have afforded a mortgage of price of this house of around $225,000.00. Where was all this money going. They had the money to pay the mortgage here but did not pay it.

The wife was not working and there is nothing in the news articles indicating that she looking for work to pay the mortgage.

The husband claims that his wife managed all the finances and he did not know that for 42 months she was not paying the mortgage, that she ripped up all the notices.If he was giving her money to pay the mortgage where did that kind of money go.

The husband claims that his wife managed all the finances and did not know that for 42 months she was not paying the mortgage, yet he has filed for bankruptcy 3 times. He has an income of around $100,000.00 yet he is not paying his bills, where is the money going.

If he filed for bankruptcy the mortgage company which likely regularly does credit checks would have known and presumably filed something in the bankruptcy court. He had to list his expenses in the bankruptcy.

Did he list he was paying a mortgage, and if so wasnt he required to produce receipts. When he filed for bankruptcy year after year after year he was required to notify the mortgage company each time as they were a creditor. Didn’t the mortgage company file anything in court that he was not paying the mortgage he claimed.

By: Tom Kilday Loves To Eat Ginger

Tom Kilday Loves To Eat Ginger — Thu, 24 Jul 2008 20:26:08 +0000

This is all very sad, but the saddest part may be that almost all life insurance policies have an exclusion (will not pay anything) if the cause of death was suicide.