Shoot Yourself....Get a Free House
October 04, 2008
– Comments (6)
(CNN) -- Fannie Mae said it will set aside the loan of a woman who shot herself as sheriff's deputies tried to evict her from her foreclosed home.
Addie ****, 90, of Akron, Ohio, became a symbol of the nation's home mortgage crisis when she was hospitalized after shooting herself at least twice in the upper body Wednesday afternoon.
On Friday, Fannie Mae spokesman Brian Faith said the mortgage association had decided to halt action against **** and sign the property "outright" to her.
"We're going to forgive whatever outstanding balance she had on the loan and give her the house," Faith said. "Given the circumstances, we think it's appropriate."
http://www.cnn.com/2008/US/10/03/eviction.suicide.attempt/index.html
As I have tried to warn you in the past.....the elderly in America are facing unprecedented financial hardships. Those millions and millions that are dependant on social security simply cannot make ends meet. The are forced to choose between food, clothing, shelter, heat, and medication.
As this blog is written....millions and millions of American elderly are facing severe financial crisis. So are many of our cities and states. Now hundreds of thousands of businesses will likely fail or shut down over the next few years causing unemployment to skyrocket.
AMERICA IS IN DECLINE...we must take steps NOW!!!!!!
"She loves that house," he said. "I hope they can get her back in. That would make me feel better because I don't know what they're going to put in there once she leaves."
He said the neighborhood is declining because so many people have lost their homes.
"There's a lot of vacant houses around here. ... Now I'm going to have a house on my left and a house on my right, vacant," he said. "That don't make me feel good, because we were good neighbors, we trusted each other, and we looked out for each other.
"This neighborhood is shot, to me, from what it used to be," he added.
Lot's of neighborhoods are decaying.
Not only will this bailout plan not work....it completely misses the problem of too few qualified borrowers.
We must restructure now or feel much greater pain down the road.
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