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mcs328
07-25-2008, 11:12 AM
http://www.boston.com/news/local/breaking_news/2008/07/facing_foreclos.html

TAUNTON -- The housing crunch has caused anguish and anxiety for millions of Americans. For Carlene Balderrama, a 53-year-old wife and mother, the pressure was apparently too much to bear.

Police say that Balderrama shot herself Tuesday afternoon 90 minutes before her foreclosed home on Duffy Drive was scheduled to be sold at auction. Chief Raymond O'Berg said that Balderrama faxed a letter to her mortgage company at 2:30 p.m., telling them that "by the time they foreclosed on the house today she'd be dead."

The mortgage company notified police, who found her body at 3:30 p.m. The auction had been scheduled to start at 5 p.m. Balderrama used her husband's high-powered rifle, O'Berg said.

She left a note for her family saying they should "take the [life] insurance money and pay for the house," O'Berg said.

Neighbors on this forested side street said Balderrama had lived in the two-story, brown-shingled, raised ranch for about four years with her husband, John, who is a plumber, and their 24-year-old son.

Joe Whitney, who works with her husband, said that Balderrama handled the bills in the household and that the husband was unaware of the foreclosure.

"John didn't even know about it, that's the surprise," Whitney said outside the home, where he had come to comfort the family. "It's just one of those awful, awful tragic events."

Noreen Mendes said she often spoke to Balderrama on her morning walks on Duffy Drive and described her as "quiet and sweet."

"I never would have guessed that she had any problems whatsoever," Mendes said. "All I can do this morning is pray and pray and pray."

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Tragic. CNN has a video clip also about this same story.

wung
07-25-2008, 12:24 PM
hmmmm ... my impression is that suicide isn't covered in life insurance ...

VTGreg
07-25-2008, 01:45 PM
hmmmm ... my impression is that suicide isn't covered in life insurance ...

Yeah, it's not. If she was truly worried about life insurance you would have hoped that she would investigate that first.

This is a tragic story but this is obviously someone who had some issues. Life is going to have its ups and its downs but there are very few things that are worth ending your life over.

clutchy
07-27-2008, 09:19 PM
there's just a whole lot of nothing going on there... lack of communication... rocking hard as the ship goes down.

pretty ridiculous reaction and pretty ridiculous not to talk to your family and make sacrifices to keep the home.

what a bummer

InfiniteNothing
07-27-2008, 10:11 PM
FYI Most life insurance policies cover suicide after a certain period of having the policy. I guess it's just a disease like any other.

cruelpupet
07-28-2008, 11:27 AM
Yup, its covered. My aunt got a payout from her ex's suicide, apparently you can still keep a policy 10+ years after a divorce. All the insurance company cared about was getting its checks on time.

Prngr44
07-28-2008, 01:14 PM
Lots of policies are different, but some, like cruel stated, definitely pay out for suicides.

I think the general rule of thumb is if they can prove the person took the policy out specifically to off themself for money then it's not covered.

Thesifer
07-28-2008, 03:00 PM
Interesting way to make things "easier" .. :(

bachviet
07-28-2008, 03:43 PM
Most waiting period is 2 years.

cruelpupet
07-28-2008, 09:02 PM
Interesting way to make things "easier" .. :(

Its gonna be hell selling the place if the suicide was in the home.

Thesifer
07-28-2008, 09:23 PM
Its gonna be hell selling the place if the suicide was in the home.

yeah.. Probably.. Eww.. I wouldn't buy it even for really cheap :)

I hate dead people places.

InfiniteNothing
07-28-2008, 10:29 PM
That could possibly be part of the motivation. Make the property so that "if I can't have it, no one can" while simultaneously screwing the bank she probably hated.

Thesifer
07-29-2008, 01:03 AM
That could possibly be part of the motivation. Make the property so that "if I can't have it, no one can" while simultaneously screwing the bank she probably hated.

Man that's taking the "screwing people over" thing a bit far I would think. I don't know that there is anything in the world worth intentionally Dying for.

Heck I don't even want to Die of Old Age. I'm one of the few people that could be perfectly content living forever, even if it meant "everyone I cared about" didn't.

Back on topic -

What a crazy lady. Over a house.. Pathetic.