Thursday, Jul 24, 2008
More of this to come...
Sydney Morning Herald: owner-shoots-herself-after-foreclosure
Woman commits suicide as buyers descend on forclosed home.
Posted by boz @ 12:27 PM (397 views) Add Comment
5 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Dead Spider said...
But life insurance doesn't pay out if suicide is cause of death .
Darwin award ?
2. Panda said...
There is going to be so much of this. It is absolutely tragic.
3. Davip said...
Tragic indeed, and unnecessary; unlike the UK a US homeowner in negative equity can walk away from a house in foreclosure without redress (the so-called 'jingle-mail', where the keys are mailed back to the mortgage company).
As an aside, it is this lack of culpability for debt and the resulting defaulting on mortgage payments on the part of homeowners that make the taxpayer bailout in the US all the more criminal...
4. mark said...
i bet if this was in the UK her family would get compensation from gordon brown...
5. Steerpike said...
It is, of course, terribly tragic.
And I'm sure that Dead Spider is correct, which makes it even sadder that the lady might have thought (wrongly) that she was helping her husband and son financially.