90-Year-Old Woman in Foreclosure Shoots Herself During Eviction Attempt
The prognosis for the U.S. economy is not too rosy these days, so it comes as no surprise that some people are taking matters into their own hands and literally going to the extreme when faced with a foreclosure scenario.
This particular scenario could have played out in many parts of the country right now. In this case, it took place in Akron, Ohio.
It involves Addie Polk, a 90-year-old woman who took out a 30-year mortgage on her 101-year-old home from the Cuyahoga Falls office of Countrywide Home Loans in 2007. Her late husband and she bought the home in 1970.
Polk missed some payments, then Fannie Mae assumed the mortgage and filed for foreclosure. Sheriff’s deputies attempted to evict her 30 times before last week when she shot herself twice in the upper torso and was found bleeding to death by a neighbor who broke into the house after hearing loud noises inside, CNN reported.
Authorities who were on site attempting yet another eviction, found her car keys, pocketbook and life insurance policy laid out neatly so they could be found, suggesting she might have intended to commit suicide over losing the home.
Polk is expected to recover from her injuries. For its part, Fannie Mae decided to cancel the foreclosure proceedings, forgive the loan and let her keep the house after the community rallied around her.
Her Congressman, U.S. Rep. Dennis Kucinich, D-OH, relayed her story to the House of Representatives when debating President Bush’s $700 billion bailout bill last week. “This bill does nothing for the Addie Polks of the world,” CNN quoted him as saying.
Although we generally like to think that helping people in the various stages of foreclosure is a win-win situation for everyone involved, nobody really wins in this type of scenario.