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Fannie Mae Forgives Loan for Woman Who Shot Herself in Akron, OH


US Politics & Gov't  (tags: Fannie Mae, OH )

Past
- 3915 days ago - cnn.com
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.



   

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Comments

Past Member (2031)
Friday October 3, 2008, 2:57 pm
Annie Polk is 90 years old. This is from the article:

"In 2004, Polk took out a 30-year, 6.375 percent mortgage for $45,620 with a Countrywide Home Loan office in Cuyahoga Falls, Ohio. The same day, she also took out an $11,380 line of credit.

Over the next couple of years, Polk missed payments on the 101-year-old home that she and her late husband purchased in 1970. In 2007, Fannie Mae assumed the mortgage and later filed for foreclosure"
 

Erik K (33)
Friday October 3, 2008, 3:27 pm
I hope this doesn't start a trend of people shooting themselves...

 

Past Member (2031)
Friday October 3, 2008, 5:32 pm
Unfortunately, it might, Erik.

Thanks everyone for noting this very sad story.
 

Bob F (10)
Saturday October 4, 2008, 11:53 am
Sad story, but what really happened? Why would a 87 year old woman take out a mortgage for $45,620? on a house that she and her late husband purchased in 1970. Did she need the money, or was she talked into it by some salesman. Theres another story here. And that should be told to.
 

RC deWinter (418)
Saturday October 4, 2008, 12:03 pm
Just a little late...and Bob is right....who the hell approved this loan anyway???? They need to be sh*tcanned.
 

SYBIL C (3)
Saturday October 4, 2008, 1:57 pm
THIS IS VERY SAD
 

GoChi Gal (1)
Saturday October 4, 2008, 3:37 pm
Yeah...sounds like a great trend to follow! I am going to shoot myself in the foot, nay can it just be a finger. I am a runner! That way maybe I don't have to pay the rest of my colllege loan.
It's both parties fault!! Her fault 87y/o for taking out a loan, banks fault for giving it!
But it's alright RIGHT! B/C U & I ARE GOING TO PAY HER LOAN!
 

Sandy L (40)
Saturday October 4, 2008, 4:03 pm
very sad story. but it has happened to many more. unscrupulous banks and mortgage companies doing underhanded things to those who have NO idea what is going on. again, it is greed that has polluted this country.
 

Cynthia Davis (340)
Saturday October 4, 2008, 4:15 pm
The woman was 87 years old. I dought if she even knew what she was doing. Unscrupulous indeed!!
 

Connemarra O (0)
Monday October 6, 2008, 7:23 am
Will this open their eyes to the desparity of the people? I do not condone harmimng of the self or any living being and my heart goes out to any that feel such desperation. I wondered what she must have been thinking and pondered if she feared being put in a nursing home, if she felt connected to her husband, children, and such through the attachment of the house. As people age their memory fades and perhaps the memories survive through the objects within her home. It is very sad that she felt such fear and desperation and I just hope that it may open the eyes of those whom created the financial crisis. The suffering that their greed has caused. How could such an act escape the mind of those involved?
 
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