Monday, September 8, 2008

Homeowner kills herself after bank foreclosed on her.

A tragic story about Carlene Balderrama, a foreclosed homeowner who committed suicide. While the bank can't bear all the blame, I can't help but wonder if they could have done more to work out a payment arrangement. How big was the mortgage debt compared to the bank's profits? It's hard to believe a spouse and parent would take oneself away from his or her loved ones unless one absolutely couldn't see another way out.

Sadly, this probably isn't the last time that a foreclosure turns lethal. I've written before on how our society could do a lot better at handling depressed and suicidal people. These deaths are preventable - but not by giving the person the message that there is something wrong with the way he or she feels.

I feel for Mrs. Balderrama and her family.

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