She was probably a deadbeat all her life and maybe even got an affirmative action loan.

Ohio shooting puts face on foreclosure crisis - Yahoo! News

__________________
"The significant problems we face cannot be solved at the same level of thinking we were at when we created them." A.E.
Push a liberal hard enough, and he will clean out the temple.

Do you have any idea how that particular post makes YOU look?

Y'know. THIS -- meaning your commentary -- is just flat-out stupid.

__________________
“The only thing necessary for the triumph of evil is for good men to do nothing” - Edmund Burke

I beat you to it.

from your link

Polk took out a mortgage in 1997 and refinanced several times after that, court and property records showed.

She took out a 30-year, 6.375 percent mortgage for $45,620 four years ago when the house was appraised at $31,230.

Now not to sound like a "mean spirited" conservative, what the hell was an 80 year old doing refinancing her house several times since 1997 and why did she take a mortgage for more than the house was worth?

__________________
"If you want the government to give you puppies and rainbows, don't pout when you're picking up dog shit in the rain"
--Skull Pilot


...being permitted to vote for politicians who enact unjust, oppressive new laws magically converts the stripes on prison shirts into emblems of freedom.
--James Bovard

It is not the function of our Government to keep the citizen from falling into error; it is the function of the citizen to keep the Government from falling into error.
-- U.S. Supreme Court, in American Communications Association v. Douds, 339 U.S. 382,442

Always and never are two words you should always remember never to use.
- Wendell Johnson

I do not believe in the collective wisdom of individual ignorance.
-- Thomas Carlyle

Honestly? My guess is she figured she'd be dead by the time it foreclosed...

Your question isn't mean spirited at all. Ray's little comment was just sick, and made him look like a complete dick. Personally, I think if he's going to post stuff like that, he should take off the uniform.

why did the bank lend it to her....? just crazy....this whole mess is crazy....

she should have done a reverse mortgage if she needed the money to survive?!?

but the bank was NUTS to loan it to her, even moreso than her taking the loan out imo, because more than likely she needed the money to live....higher oil bills or medicines or something other than wanting to buy gadgets like ipods/cell phones/computers/b;ackberrys?

i just do not understand how everyone in the banking business, OVERNIGHT became reckless business idiots?

The bank had to lend it to her lest they be charged with age-ism and sued.

__________________
"If you want the government to give you puppies and rainbows, don't pout when you're picking up dog shit in the rain"
--Skull Pilot


...being permitted to vote for politicians who enact unjust, oppressive new laws magically converts the stripes on prison shirts into emblems of freedom.
--James Bovard

It is not the function of our Government to keep the citizen from falling into error; it is the function of the citizen to keep the Government from falling into error.
-- U.S. Supreme Court, in American Communications Association v. Douds, 339 U.S. 382,442

Always and never are two words you should always remember never to use.
- Wendell Johnson

I do not believe in the collective wisdom of individual ignorance.
-- Thomas Carlyle

You still can't just blame the banks - it's not solely their fault. She played a part in her own outcome. It's just sad that she felt the need to shoot herself over it

yes, she did play a part in it by taking out this kind of loan, at 86 years old, INSTEAD of a reverse mortgage loan, which would have been proper and to her benefit....

i still do NOT understand why the bank would take the RISK and be STUPID enough to give her a loan at 86yrs old for 30 years and for 35% MORE than what her home was worth?

Like I said, this whole thing is just crazy and NUTS!

Care

Oh what partians bullshit.

The originating bank gave her the loan because they took points on it as fees, and then they knew perfectly well they'd be getting that loan off their folio and it would be somebody else's problem.

I know you people dearly wnat to believe that the poor banks were forced to make these loans so I have challenge for you, okay?

Show me the lawsuits you think plagued bankers to force them to make these loans, okay?

According to this latest canard you keep fielding there must be hundreds of thousands of such lawsuits that forced bankers to make questionable loans.

Where are those cases, please?

I will continue to point out to those of you foisting this canard on us, that these originating banks and brokers were motivated to loan money because they made money by loaning it, and knew they wer going to pass off the risks to the bond holders who, I will remind you all again, WERE BEING LIED TO ABOUT THE RISK ASSOCIATED WITH THOSE REAL ESTATE BACKED LOANS.

Realty Times - Fannie Mae Sued For Alleged Discrimination Against Minority Borrowers

NAACP sues lenders for discrimination : Local Business News : Redding Record Searchlight

Realty Times - Age Discrimination: No Laughing Matter

Mortgage Discrimination

__________________
"If you want the government to give you puppies and rainbows, don't pout when you're picking up dog shit in the rain"
--Skull Pilot


...being permitted to vote for politicians who enact unjust, oppressive new laws magically converts the stripes on prison shirts into emblems of freedom.
--James Bovard

It is not the function of our Government to keep the citizen from falling into error; it is the function of the citizen to keep the Government from falling into error.
-- U.S. Supreme Court, in American Communications Association v. Douds, 339 U.S. 382,442

Always and never are two words you should always remember never to use.
- Wendell Johnson

I do not believe in the collective wisdom of individual ignorance.
-- Thomas Carlyle