Tuesday, August 4, 2009

Foreclosure-Related Suicide: Sign of the Times?

This was published on ABC's news site.
It's extremely disturbing.
I have no words.

"By the time you foreclose on my house, I'll be dead."

So read the note that 53-year-old Carlene Balderrama of Taunton, Mass., faxed to her mortgage company, according to Taunton Police Chief Raymond O'Berg.
The message turned out to be tragically prophetic. According to local reports, PHH Mortgage Corp. -- the company foreclosing on Balderrama's home -- notified police of the message less than an hour and a half before the home was to go on the auction block. By the time officers arrived at Balderrama's house, they found she had fatally shot herself with her husband's rifle.
O'Berg said Balderrama's death has been officially ruled a suicide. But though the case is closed, he notes that the tragedy underscores a problem that is affecting many in the community of about 60,000, which lies roughly 40 miles south of Boston.
"It has a lot of people talking, because there are a lot of homes in foreclosure here," O'Berg told ABCNews.com. "It's just a tragedy. Then again, someone told me that these financial stresses are tough."

VIDEO HERE:
http://abcnews.go.com/Health/DepressionNews/story?id=5444573&page=1

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