At the age of 90, Addie Polk found herself in foreclosure this week, about to be forced from the home she's lived in for nearly 40 years.
So, with a gun in her hand, the Akron widow apparently shot herself in the chest Wednesday afternoon as deputies were knocking on her door with eviction papers in hand. [...]
Court records show Polk took out a 30-year, 6.375 percent mortgage just four years ago for $45,620 with a Countrywide Home Loan office in Cuyahoga Falls. She took out a line of credit that same day for $11,380.
Her La Croix Avenue home was appraised by Summit County in 2004 at $31,230.
Nice try, Alan Greenspan. But Addie Polk survived. We won't be adding her to your body count.
Independent Accountant sends this update:
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."
... which offers a new strategy for borrowers facing eviction: shoot yourself in a non-vital organ with a small-caliber handgun, and the taxpayers give you a house free and clear. Or does that only work for 90-year-olds?
As of press time, Angelo Mozilo, who personally made hundreds of millions of dollars selling Countrywide stock at inflated prices based on phony profits from bad loans like Addie Polk's, was still not being raped in prison.
Greenspan's Body Count remains at forty-five:
Lt. Michael Howe
Palmer C. White
Dianne Pittman White
Edwin F. Rachleff
Scott M. Coles
Dawn E. Armstrong
Jonathon Calvin "40-Cal" Jacques
Little Boy X
Little Girl X
Rufus Shaw Jr.
Lynn Flint Shaw