US house owner kills herself after being foreclosed.

[WinstonWolfe]

More of these to come I bet.

Funny how the police wouldn't release the name of the lender.
Might make Joe Public think twice about bank profits and ethics.

 

[phil]

Very sad.

Phil

 

[Perp]

http://www.smh.com.au/news/world/ow...ter-foreclosure/2008/07/24/1216492606174.htmlFunny how the police wouldn't release the name of the lender.
Might make Joe Public think twice about bank profits and ethics.

Rightly so that the lender's name wasn't released. This is a great tragedy for the family, but the fact that she suicided due to mortgage stress should in no way reflect on the lender, unless the lender engaged in unethical conduct. And I don't yet see any indication that the lender did anything except engage in standard foreclosure procedure, which given that she hadn't paid the mortgage for 3 1/2 years, isn't unreasonable.

Unfortunately too many people would condemn the bank purely on the basis that the lady committed suicide, without further details.

 

[buzzlightyear]

Sounds like there is more to this story. Surely the fact that a wife intercepts all correspondence about overdue and impending foreclosure for that period of time, to conceal it from her family sounds like a symptom of a much bigger issue IMO.

 

[stumunro]

Unfortunately too many people would condemn the bank purely on the basis that the lady committed suicide, without further details.

I'd have to agree, as tragic as it is I don't think blaming anyone is fair at all.

 

[Rockstar]

He said his wife had been intercepting letters from the mortgage company and shredding them without his knowledge. He had no idea she hadn't paid the mortgage in 42 months.

So I wonder what she was doing with the money that he thought was going toward the mortgage payments

Like Buzz says - it sounds fishy even though it's a tragedy

 

[phil]

So I wonder what she was doing with the money that he thought was going toward the mortgage payments

Like Buzz says - it sounds fishy even though it's a tragedy

Agreed. I suppose I was just commenting on the sadness of suicide in general.


Phil

 

[ianvestor]

So I wonder what she was doing with the money that he thought was going toward the mortgage payments

Maybe it was never even earned... i.e. Maybe she lost her job and didn't tell her husband

How can the bank let it slide for 3 1/2 years?!

-Ian

 

[SirR3D]

Maybe it was never even earned... i.e. Maybe she lost her job and didn't tell her husband

How can the bank let it slide for 3 1/2 years?!

-Ian

That is what I was thinking

 

[WinstonWolfe]

I agree 3.5 years of non payment is unacceptable.
She may very well have been manipulating things to improve her chances of being categorized bankrupt. She had three attempts at it I think.

Nevertheless, it is sad and the journos might have made things clearer in the story.

 

[GoAnna!]

Definitely some critical details left out. The husband had no clue but had numerous time filed for bankruptcy? I didn't appreciate that bankrupcy needed to be approved as such.

 

[Aaron Sice]

it's VERY VERY difficult to apply for bankruptcy in the US - hence why such a long. drawn out procedure.

the bank prob can't foreclose during bankruptcy proceedings, so the fact it was tried numerous times means she's either trying to wipe the debt and keep the house or stave off the bank for as long as possible.

after 3.5y though, with no recourse, chances are you would owe more than the house is worth AGAIN dude to compounding payments and interest.

sad story though.

 

[kradical23]

She probably had emotional problems to start with and what with the way she handled the situation. Sad story.