Old lady who shot herself is given back house - The Orange Mane

cutthemdown · 10-04-2008, 03:42 AM

http://www.cnn.com/2008/US/10/03/evi...l?iref=topnews

(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.
Fannie Mae foreclosed on the Akron, Ohio, home of Addie Polk, 90, after acquiring the mortgage in 2007.

Fannie Mae foreclosed on the Akron, Ohio, home of Addie Polk, 90, after acquiring the mortgage in 2007.

Addie Polk, 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 Polk 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."

Residents of Akron have rallied behind Polk, who is being treated at Akron General Medical Center. She was listed in critical condition Friday afternoon, according to Akron City Council President Marco Sommerville.

cutthemdown · 10-04-2008, 03:43 AM

See sometimes the little person get's a break. You have to shoot yourself first but just don't be a good shot.

JCMElway · 10-04-2008, 09:33 AM

Mr.Meanie · 10-04-2008, 10:05 AM

i should try that

Rohirrim · 10-04-2008, 10:40 AM

Meanwhile, it has been reported that ammo sales have jumped in poorer neighborhoods across the country...

DenverBrit · 10-04-2008, 11:43 AM

They could have saved her the pain and been reasonable from the start.
There are always exceptions and a 90 year old woman should have qualified as one.

kappys · 10-04-2008, 11:58 AM

Quote:

Originally Posted by DenverBrit

They could have saved her the pain and been reasonable from the start.
There are always exceptions and a 90 year old woman should have qualified as one.

But then they would fail to teach us regular folks appropriate free market discipline.

SoCalBronco · 10-04-2008, 12:08 PM

Quote:

Originally Posted by DenverBrit

They could have saved her the pain and been reasonable from the start.
There are always exceptions and a 90 year old woman should have qualified as one.

Why?

Spider · 10-04-2008, 12:23 PM

i wonder . if shooting myself would get me out of my cell phone bill ?

Bronco Bob · 10-04-2008, 12:31 PM

This is going to really piss off W*gs. How dare the government throw our money away like that?

Spider · 10-04-2008, 12:35 PM

Quote:

Originally Posted by Bronco Bob

This is going to really piss off W*gs. How dare the government throw our money away like that?

well at least she isnt asked to be re reimbursed for the cost of 2 bullets

DenverBrit · 10-04-2008, 12:37 PM

Quote:

Originally Posted by SoCalBronco

Why?

Do you do much work with the homeless??

SoCalBronco · 10-04-2008, 12:43 PM

Quote:

Originally Posted by DenverBrit

Do you do much work with the homeless??

If there was fraud involved and some material misrepresentation made about whether she would be able to afford the house, that would be a fine exception, but not just because she's elderly and/or poor. It's an irrelevant factor.

DenverBrit · 10-04-2008, 01:00 PM

Quote:

Originally Posted by SoCalBronco

If there was fraud involved and some material misrepresentation made about whether she would be able to afford the house, that would be a fine exception, but not just because she's elderly and/or poor. It's an irrelevant factor.

Yet the mortgage company went above and beyond and gave her the house.
I would have suggested simply finding a way to help her with payments rather than add another senior to the roles of the homeless.

Spider · 10-04-2008, 01:04 PM

I do alot for the homeless , I always break when they are in the cross walk , I never urinate where they sleep , and I never try to eat in front of them ....... ok the last one is a lie

DenverBrit · 10-04-2008, 01:05 PM

Quote:

Originally Posted by Spider

I do alot for the homeless , I always break when they are in the cross walk , I never urinate where they sleep , and I never try to eat in front of them ....... ok the last one is a lie

You're a river to your people.

Spider · 10-04-2008, 01:06 PM

Quote:

Originally Posted by DenverBrit

You're a river to your people.

well I try ...... though I did give my 8 piece chicken meal to a family that was broke down and had nothing ot eat ..........

SoCalBronco · 10-04-2008, 01:07 PM

Quote:

Originally Posted by DenverBrit

Yet the mortgage company went above and beyond and gave her the house.
I would have suggested simply finding a way to help her with payments rather than add another senior to the roles of the homeless.

Ofcourse the mortgage company gave her the house. It was well played by that old lady. She was willing to risk her life on the (smart) assumption that where the PR case goes, everything else will follow.

It's still not something I approve of or like or think is justified. It was a poor decision. It's not rational. If she was lied to, or conned into this mortgage, then she should have the home in order to disincentivize this kind of conduct, because the company would have moral blame and because it would save the taxpayers in the long run by cutting down on this conduct. But if that isnt the case, we don't bail someone out just because it would be "sad" or add more to the homeless. If the opposite was true, then we would have to bail out virtually everyone who couldnt pay because they would also be added to the ranks of the homeless.

DenverBrit · 10-04-2008, 01:16 PM

Quote:

Originally Posted by SoCalBronco

Ofcourse the mortgage company gave her the house. It was well played by that old lady. She was willing to risk her life on the (smart) assumption that where the PR case goes, everything else will follow.

It's still not something I approve of or like or think is justified. It was a poor decision. It's not rational. If she was lied to, or conned into this mortgage, then she should have the home in order to disincentivize this kind of conduct, because the company would have moral blame and because it would save the taxpayers in the long run by cutting down on this conduct. But if that isnt the case, we don't bail someone out just because it would be "sad" or add more to the homeless. If the opposite was true, then we would have to bail out virtually everyone who couldnt pay because they would also be added to the ranks of the homeless.

Housing, feeding and caring for that 90 year old would cost the taxpayers, it's always cheaper to find a more practical and charitable course.
Which is why I ask if you do any work for the homeless.
You've answered the question in a round-about way.

SoCalBronco · 10-04-2008, 01:23 PM

Quote:

Originally Posted by DenverBrit

Housing, feeding and caring for that 90 year old would cost the taxpayers, it's always cheaper to find a more practical and charitable course.
Which is why I ask if you do any work for the homeless.
You've answered the question in a round-about way.

Actually I have helped those less fortunate (including the homeless), although its not relevant to this discussion.

DenverBrit · 10-04-2008, 01:33 PM

Quote:

Originally Posted by SoCalBronco

Actually I have helped those less fortunate (including the homeless), although its not relevant to this discussion.

Then you should know that it's cheaper and more desirable to keep the elderly in their homes if homelessness is the alternative.
If you have 'worked' with the homeless, you'd know that simple truth.

Fedaykin · 10-04-2008, 01:36 PM

Sorry, but how the hell did a 90 year old woman get qualified for a multi-decade mortgage in the first place?

10-04-2008, 03:42 AM	#1
cutthemdown A verbis ad verbera Zimm to HOF Join Date: Mar 2006 Location: Long Beach Posts: 32,528	Old lady who shot herself is given back house http://www.cnn.com/2008/US/10/03/evi...l?iref=topnews (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. Fannie Mae foreclosed on the Akron, Ohio, home of Addie Polk, 90, after acquiring the mortgage in 2007. Fannie Mae foreclosed on the Akron, Ohio, home of Addie Polk, 90, after acquiring the mortgage in 2007. Addie Polk, 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 Polk 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." Residents of Akron have rallied behind Polk, who is being treated at Akron General Medical Center. She was listed in critical condition Friday afternoon, according to Akron City Council President Marco Sommerville.

10-04-2008, 09:33 AM	#3
JCMElway Moderate-erator Dominate! Join Date: Dec 2002 Location: Grand Rapids, MI Posts: 6,867 Adopt-a-Bronco: Oleg	Wow.

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10-04-2008, 03:43 AM	#2
cutthemdown A verbis ad verbera Zimm to HOF Join Date: Mar 2006 Location: Long Beach Posts: 32,528	See sometimes the little person get's a break. You have to shoot yourself first but just don't be a good shot.

10-04-2008, 10:05 AM	#4
Mr.Meanie Ring of Famer Join Date: Aug 2008 Posts: 2,590 Adopt-a-Bronco: None	i should try that

10-04-2008, 10:40 AM	#5
Rohirrim Partisan Human Cannonball Join Date: Jan 2003 Location: Twixt Hell & Highwater Posts: 48,852	Meanwhile, it has been reported that ammo sales have jumped in poorer neighborhoods across the country...

10-04-2008, 11:43 AM	#6
DenverBrit Just hanging out. Got a breath mint?? Join Date: Aug 2005 Location: Denver Posts: 11,072 Adopt-a-Bronco: The Team	They could have saved her the pain and been reasonable from the start. There are always exceptions and a 90 year old woman should have qualified as one.

10-04-2008, 12:23 PM	#9
Spider Mr Diplomacy I survived Tebow Mania at the Mane Join Date: May 2001 Location: Elway was just an arm =MacGruder Posts: 84,438 Adopt-a-Bronco: Von Miller	i wonder . if shooting myself would get me out of my cell phone bill ?

10-04-2008, 12:31 PM	#10
Bronco Bob Tastee Freeze Join Date: Dec 2002 Posts: 9,464 Adopt-a-Bronco: Champ Bailey	This is going to really piss off W*gs. How dare the government throw our money away like that?

10-04-2008, 01:04 PM	#15
Spider Mr Diplomacy I survived Tebow Mania at the Mane Join Date: May 2001 Location: Elway was just an arm =MacGruder Posts: 84,438 Adopt-a-Bronco: Von Miller	I do alot for the homeless , I always break when they are in the cross walk , I never urinate where they sleep , and I never try to eat in front of them ....... ok the last one is a lie

10-04-2008, 01:36 PM	#22
Fedaykin Ring of Famer Join Date: Nov 2006 Posts: 3,839 Adopt-a-Bronco: None	Sorry, but how the hell did a 90 year old woman get qualified for a multi-decade mortgage in the first place?