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LoonyQT
Posts:894
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| 07/25/2008 1:59 PM |
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| dchestney - the Darwinian integrity argument would only apply if she hadn't already propogated her genetic predispositions. |
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ScottSD
Posts:162
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| 07/25/2008 6:56 PM |
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| she hadn't paid in 42 months. seriously. if she were going to shoot herself to pay for the house maybe she should have done it 3 years ago. |
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Asher
Posts:64
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| 07/25/2008 7:13 PM |
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| What a sad story. |
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Brian
Posts:2210
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| 10/06/2008 3:01 PM |
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Six found dead in Porter Ranch home
Police say an unemployed financial advisor apparently shot and killed his wife, mother-in-law, and three sons before turning the gun on himself.
By Richard Winton and Ari B. Bloomekatz, Los Angeles Times Staff Writers
2:36 PM PDT, October 6, 2008
An unemployed financial advisor apparently despondent over his troubles shot and killed his wife, his mother-in-law and three children before taking his own life in a gated community in the northwest San Fernando Valley, Los Angeles police said today.
Officers responding to a call from concerned friends found the bodies about 7:15 a.m. in a two-story house in the 20600 block of Como Lane in Porter Ranch, said LAPD Deputy Chief Michael Moore. The identities of the victims were not immediately released.
http://www.latimes.com/news/local/la-me-porterranch7-2008oct07,0,7425239.story |
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Brian
Posts:2210
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| 10/06/2008 3:05 PM |
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Attempt suicide to get your mortgage debt forgiven.
http://news.yahoo.com/s/ap/20081005/ap_on_re_us/foreclosure_woman_shoots_self
AKRON, Ohio - Mortgage finance company Fannie Mae said it is forgiving the mortgage debt of a 90-year-old woman who shot herself in the chest as sheriff's deputies attempted to evict her.
Addie Polk's plight was cited by Rep. Dennis Kucinich, D-Ohio, on Friday before the House voted to approve the $700 billion financial rescue package. Kucinich voted against the plan.
Fannie Mae announced later Friday that it would dismiss its foreclosure action, forgive Polk's mortgage and allow her to return to the Akron home where she's lived since 1970. |
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LoonyQT
Posts:894
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| 10/06/2008 3:11 PM |
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Brian - you beat me to the keyboard with the latest one that was in the UT on sat. I was "enjoying" (very loosely used) the morning paper and got so steamed up that I ripped out that article to read to my hubby still in bed. What the hell was she and the banks doing pulling 45k in "equity"? Why didn't she tell anyone and why does she shoot herself in the gut instead of the head? And now she's some sort of "poster child" and gets to go back to the home, debt forgiven. I can only assume that fannie takes back the property on her deathbed, but in the meantime, what the heck happened to that pile of cash she pulled out?
Aaaaaaaarrrrrrrggggg. |
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TotoMMB66
Posts:98
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| 10/06/2008 3:13 PM |
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| The Porter Ranch folks weren't even home owners. I have a feeling these stories may become more common. (Or maybe not, as more might happen, but the shock will wane and fewer will go reported). I hate to think this, but how soon before some desparate home owner (or former owner) goes after someone in the industry? It's happened in day-trading, and other financial-based areas. |
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LoonyQT
Posts:894
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| 10/06/2008 3:13 PM |
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| oh - nice porter ranch story, too. see what happens when renters go beserk over bailouts??? |
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Brian
Posts:2210
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| 10/14/2008 4:47 PM |
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Pasadena woman facing eviction may have killed herself
Firefighters found Wanda Dunn, 53, in her burning home, which was in foreclosure. Police say she had a gunshot wound, and a gun was found nearby.
By Anna Gorman, Los Angeles Times Staff Writer
2:06 PM PDT, October 14, 2008
A Pasadena woman apparently upset that she was about to be evicted from her foreclosed home may have set her house on fire before taking her own life, police said.
Firefighters responded to a call in the 1000 block of North Wilson Avenue about 5 a.m. Monday, said Lt. John Dewar of the Pasadena Police Department. They found Wanda Dunn, 53, in a back bedroom, he said.
http://www.latimes.com/news/local/la-me-deadwoman15-2008oct15,0,7392943.story
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Brian
Posts:2210
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| 10/27/2008 6:40 PM |
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Woman in Chains Fights Eviction
Mira Mesa homeowner at heart of foreclosure battle
June Reyno, her husband and their five dogs have lived in their Mira Mesa home for nearly 20 years. Now, they are being evicted, but June Reyno is not having it.
Watch VideoWoman Fights Foreclosure
She's defying the eviction by chaining herself to her home.
The San Diego Sheriff's Department is expected to come out to the Reyno's home sometime Monday or Tuesday. Reyno said she will remain chained to her home until "the California State Legislature elected officials respond to these massive evictions and foreclosures that are going on in our county."
Reyno lost her job recently and the couple's salary was cut in half. They have an adjustable rate mortgage and can't afford the $5,800 monthly payments.
nbcsandiego.com/news/local/Woman_Fights_Foreclosure_Chains_Herself_to_Home
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ElPato
Posts:350
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| 10/27/2008 6:58 PM |
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This is all so very sad and so very unnecessary. Real estate lending should not end in disaster.
Require 20% down, and limit DTI to 36% as was done for generations.
Sigh. |
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Caligirl43
Posts:133
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| 10/27/2008 8:23 PM |
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| To further clarify the woman chains herself to house story above - I watched this on the news this evening. I don't see mentioned here the entire situation. Apparently, the news station got a hold of the lender, who told them this homeowner is not the victim here, that they would like to know what happened to the $300,000 in equity she pulled out of her house - apparently, she started a business with it and the business failed. When I heard that I no longer felt sorry for her. Her first mortgage if she bought her house 19 years ago was probably $500.00 a month. She gambled on the whole business/second mortgage idea and lost. Sure, she probably didn't know exactly what she was getting into with the risky loan situation, as a lot of people didn't, but it was still her choice to withdraw $300,000 in equity from her house. |
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LoonyQT
Posts:894
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| 10/27/2008 9:24 PM |
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| I like the comments on the woman protesting in chains article - nobody feels sorry for her at all. |
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TotoMMB66
Posts:98
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| 10/27/2008 11:13 PM |
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$5,800 a month? So, whether it's a $500K home or a $125K home bled 4x over...she got in over her head. And of course, no one heard from her when she was milking that thing dry...
People who got bilked into borrowing or signing up for terms they didn't comprehend, I have sympathy for. This woman (and that woman in Reno w/ 20 homes), they deserve the ridicule...Leave her chained to the house and bulldoze it. |
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Brian
Posts:2210
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| 11/11/2008 7:53 PM |
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I have a feeling there be more real estate related tragedies.
http://www.signonsandiego.com/news/northcounty/20081111-1804-bn11ramfi.html
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Owner of Ramona house that exploded committed tax fraud in Nebraska
By Matthew Rodriguez
UNION-TRIBUNE STAFF WRITER
6:04 p.m. November 11, 2008
RAMONA – The owner of a Ramona house where a man died in an explosion and fire Oct. 31 was found to have committed fraud two years ago for using fake tax returns to sell a gas station he owned in Nebraska.
James A. Kurtenbach, 47, owes $16,600 in back taxes on the Ramona house, which was destroyed in the fire, according to the county Treasurer-Tax Collector's Office, and $40,000 on a gas station he owns in Ramona.
Court records indicate Kurtenbach pays $10,000 a month in alimony and child support to his former wife, Theresa, with money from the Ramona gas station, which they purchased several years ago.
In September 2006, according to property records, Kurtenbach purchased a 6,500-square-foot six-bathroom home on five acres in Poway for $2.5 million.
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punstress
Posts:123
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| 11/12/2008 3:19 PM |
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| From now on if anyone else tries arson in lieu of taxes, you could say he "pulled a Kurtenbach." |
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JAP
Posts:44
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| 11/12/2008 7:34 PM |
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And this is only the beginning. I predict the suicide rate will take a parabolic upturn when the depression becomes full-blown.
My fearless forecast (the bulls won't like it or agree, but too bad)...
Stock market target: DOW 4500, S&P 600 - and that is being optimistic.
CA housing will most likely drop another 30-50% by the time this mess sorts itself out. All this government intervention will not work. It only prolongs the pain and agony.
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