Woman, 90, shoots self inside foreclosed home

This is not the first or last time you'll hear of this happening. It's going to become an even more frequent and sad event in US history.

(CNN) -- A 90-year-old Akron, Ohio, woman who shot herself as sheriff's deputies tried to evict her from her foreclosed home became a symbol of the nation's home mortgage crisis Friday.

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

Source: cnn.com via master_jim2008

Who thought it was a brilliant idea to give an 89 yr old woman a mortgage anway? The predatory lender of course.

Addie Polk is being treated at Akron General Medical Center after shooting herself at least twice in the upper body Wednesday afternoon, her city councilman said.

U.S. Rep. Dennis Kucinich, D-Ohio, mentioned Polk on the House floor Friday during debate over the latest economic rescue proposal.

"This bill does nothing for the Addie Polks of the world," Kucinich said after telling her story. "This bill fails to address the fact that millions of homeowners are facing foreclosure, are facing the loss of their home. This bill will take care of Wall Street, and the market may go up for a few days, but democracy is going downhill."

Neighbor Robert Dillon used a ladder to enter a second-story window of Polk's home after he and the deputies heard bangs inside, Dillon told CNN affiliate WEWS-TV in Cleveland, Ohio.

"I just thought she may have fell or couldn't get up or something," he told WEWS. "I didn't know [she had shot herself] until I got in there. And even when I got there, she was breathing, but she wasn't saying anything to me. I knew she needed help then."

Dillon said he saw blood when he put his hand on Polk's shoulder.

"There's a lot of people like Miss Polk right now. That's the sad thing about it," said Akron City Council President Marco Sommerville, who had met Polk before and rushed to the scene when contacted by police. "They might not be as old as her, some could be as old as her. This is just a major problem."

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 and in 2007 Fannie Mae assumed the mortgage and later filed for foreclosure.

Source: cnn.com via master_jim2008

Even if it's just a 45k mortgage, it's on a 101 yr old home who's new owner is almost as old. The lender should be shot, not her.

Deputies had tried to serve Polk's eviction notice more than 30 times before Wednesday's incident, Sommerville said. She never came to the door, but the notes the deputies left would always disappear, so they knew she was inside and ambulatory, he said.

The city is creating programs to help people keep their homes, Sommerville said.

"But what do you do when there's just so many people out there and the economy is in the shape that it's in?"

Many businesses and individuals have called since Wednesday offering to help Polk, Sommerville said.

"We're going to do an evaluation to see what's best for her," he said. "If she's strong enough and can go home, I think we should work with her to where she goes back home. If not, we need to find another place for her to live where she won't have to worry about this ever again."

He said that by the time people call for help with an impending foreclosure, it's usually too late.

"I'm glad it's not too late for Miss Polk, because she could have taken her life," Sommerville said. "Miss Polk will probably end up on her feet. But I'm not sure if anybody else will."

UPDATE:

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.

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.

Source: cnn.com via master_jim2008

UPDATE:

I just spoke to media relations at Akron General Medical Center about Addie's condition and he said she has chosen to not be listed in the medical center directory, therefore anyone who calls asking about her is told she's not listed as a patient. From how he talked to me, she's holding her own even though he couldn't say that directly. It was a case of reading between the lines to determine if she's expired, still critical or if her conditioned is upgraded.

She also apparently knows her home is now safe to go back to, which should speed in her recovery. Nothing causes one to heal faster than a mended heart.

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