THE COST OF SECURITIZATION FRAUDS: SUICIDES INCREASING

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Statistics are not published as to the number suicides related to financial difficulty, but financial pressure is often cited in studies as a triggering event for death from “natural” causes, suicide, disease and divorce. When the pressure is not just financial but a perception of total failure through loss of home, loss of property, and bankruptcy, the numbers go up as trauma-induced events.

Starting around 4 years ago we heard of suicides and family murders across the country directly related to eviction and foreclosure. Now with the number of people ousted out of their own homes the demand for rented dwellings is rising to levels that virtually assure higher rent prices, probably making it difficult for many families to have anything but their car to sleep in.

Looking back over the last 4 years, the stories were at first fairly rare. Now things are different and from my perspective getting ominous. Let’s not forget suicides dubbed “death by police” where the frantic wounded pride of a person leads them into a confrontation certain to lead to their death in a hail of bullets.

The number of violent acts involving the death of a family member as foreclosure closes in on them appears to be rising significantly. I do not have resources to conduct an actual study, but as a lightening rod for stories and information about the foreclosure crisis, I regularly receive news of events that are not reported or not widely reported. With unrelenting momentum, these deaths are being reported to me with greater and greater frequency. I receive the reports from lawyers who represent the family in fighting the foreclosure, family members and of course those who scour local newspapers for local reports.

Where the number of such reports was about once per month when I started the blog, it is now about 3 times per week. Some of that is of course related to the fact that the blog is bigger and more well known. But it appears to me that the shock and trauma of foreclosure is having a psychological effect, a demoralizing effect on our entire society. Considering that nearly all the foreclosures are of questionable legality, and that the nearly all the mortgages, notes and other documents are of at least questionable validity, and that the transactions were procured by fraud, deceit and trickery, we should be widening the scope of our inquiry into the effects of these pernicious acts on our society as a whole.

It’s time to own up to the fact that empty houses mean in many cases hollow, desperate lives, replacing lives that were functional and contained more than a few moments of happiness, laughter and joy. Being unable to provide for one family is one of the most traumatic hits a man receives and is likened by some professionals to a trauma that later presents as post traumatic stress syndrome. If those empty homes didn’t need to happen, were not absolutely required under law and were not solely the result of bad judgment or greed of the moment, then our society — all of us — might be accessories to murder.

These deaths are tragic; but the real problem is the debris left behind in the formative minds and souls of children who live out the consequences and who have “learned” that not even their own parents can protect them against the ravages of an indifferent government and aggressive, predatory business tactics aimed at taking one more shot using one more way to take the last dollar, the last hope, and even the last roof over the head of a family. We better be damned sure that the banks have the right to foreclose. Because when we look back on all this in 20-30 years, people are going to wonder what happened to the spring in the step of Americans and maybe wonder why we didn’t consider ALL the costs of domestic and international economic terrorism.

Who is winning here? Who are all the people who are losing?

20 Responses

  1. this is getting bad (but I know it will get worse), one of my homies killed his sister and then himself in an apparent murder-suicide which occured after an escalated argument over not being able to make ends meet, which had been an ongoing issue between the two.

    the link below is to a blog that tracks Fraudclosure-Related Suicides

    http://greenspansbodycount.blogspot.com/

  2. In 2009, our neighbor blew his brains out in his living room; his brother found him. Up the street from us around the same time a man killed his wife, kids, mother-in-law (no jokes please).

    Today one of my foreclosure friends told me that her husband is divorcing her because the whole foreclosure thing is too “stressful” for him.

    These massive hardships are really taking a toll on Americans and their families. Unless you’ve had an extremely hard life already, it is very tough to endure the amount of pressure, anger, homelessness, lack of $, etc., not to mention family and marital relationships.

    I’ve seen this coming for quite a while now, and it’s going to get uglier. It’s just now hitting the public consciousness via mainstream media. Willful blindness is a powerful tool to tune out what’s going on because then all of this can be ignored by the general public and Corporate America.

    All I can say is that those of us who communicate to one another through these blogs have found solace and support among our own ranks; that is truly a blessing because it helps us keep hope in our hearts no matter how dark it gets because we’re all in the same boat. Just this morning my husband said to me, half-joking, that all of us should create a commune where we can all band together and live in peace and harmony. It would beat the hell out of being homelessness, and we would be part of a community where we support and care about one another. I don’t know about you, but my “family” are many of you, that my husband and I have met along the way. Many of our blood relatives are not what we consider family anymore because they are cruel to us and to one another; we want no part of that. Family is whoever you want them to be, not the ones you were born with.

  3. IT is so sad that Greed has trumped humanity.

  4. Deb –

    I do remember that man in Arizona. The guys in the van called the swat team and the man called his daughter and when she got to his house he was shot dead on the porch. I cannot imagine finding my Dad like that. BOA had a modification with him but sold his property to someone else by mistake and he ended up dead.

  5. Mental illness is really hard for some people to fully understand. When you live with a spouse or family member who has a mental illness, you have to educate yourself really quick. My husband attempted suicide a year before our financial crisis.

    We made a good living in construction, donated our labor and supplies to charities helping people fix their homes, we did not have all the toys most people had if they had extra money, hardly every took vacations, we built our home and used our own money for upgrades, we never had a flat screen TV or even fancy furniture, we shopped at garage sales and good will stores and fixed up our bargins because we enjoyed doing those things.

    We were hit hard in 2008, our business failed, we tried to work with the bank–you can guess what happened there, filed BK and in the end loosing our home of 12 years. I trusted our BK attorney and learned he had given us bad advice. All he wanted was these nice smooth filings with no problems. Could we afford our home–NO-, but we did not deserve to be treated like criminals.

    My marriage did not make it through this mess. I worry everyday that my estranged husband will try suicide again. He feels defeated, worthless, a failure because he could not support his family, life is not worth living. He overdoses on his meds and there will be a day when I receive that call. Because I have seen my husband first hand not dealing with life, I can fully understand why these people do what they do. Despair in a person is a horrible thing to see.

    These banks and the people who run them have no soul. The foreclosure mills and attorneys who feel the money is more important than ethics are people with no morals. Their hearts are black. I truly believe that GOD will deal these dead inside individuals. Money is what guides them and to hell with the people they devastate.

    Suicide has become part of the foreclosure process whether we like to hear about it or not. And it should be told even if to just save one person’s life and stop the heartache that comes with suicide. You may not want to hear about it, but it is part of life. I am afraid that more will come.

  6. In a nut shell:
    The very people who have created this mess are the very people foreclosing on the devastated citizens who have been left in the destructive wake of the Wall Street Bankers and the largest lenders in this country. This is their mess and we are paying for 9 ways till Sunday.
    The most egregious act of all is that our political leaders and regulatory agencies are all complicit in that they are fully aware of what has transpired and have facilitated the criminal behavior in the residential mortgage industry and will not rectify the wrongs committed by the wrongdoer’s.
    It is well settle law in this country, that the wrongdoer shall bear the brunt of the uncertainty their wrongdoing has created. The wrongdoer shall bear the brunt of their wrongdoing.
    However, there is hope; I for one have been fighting the criminals for a year and a half and will not quit. The alarming statistic is that only 3 % of foreclosure victims are fighting back. We need more to win this battle.
    That mere 3% encompasses 45% of all the court dockets; do you have any idea what would happen to our judicial system if it were more along the line of 20%; the system would come to a halt.
    For all those who cannot afford counsel.
    Here is a new tactic I would like to share. This is not legal advice, just something I am doing.
    In my complaint in federal court, I have a separate action to quiet the title more or less based on the separation of the note and mortgage. Under the law, if there are minor children or someone who is incompetent in the home, you may motion the court for the appointment of a guardian ad litem to represent them and protect their rights in the estate.
    Further, read F.R.Civ.P. Rule 17 (c), (1), (2) which also provides for their protection. Each state has provisions for the appointment of a guardian ad litem to protect those that cannot protect themselves.
    Very seldom will the court appoint counsel in a civil matter, however, the protection of a minor child is paramount to all else. This is a way to get a lawyer on board with you so that your children do not become street urchins.
    I will let you know how my motion pans out.

  7. Suicide is a sign of how horrible the situation is for many homeowners. We will have to march on Washington. We need at least a million people. That will surely make them take notice. Burmese8@yahoo.com

  8. I’d like to add one more story if you don’t mind because it is all so tragic. A 65 yr old widow woman and her mother 82 came to Houston because of the Katrina storm that put their home under 5 ft of water.

    When the insurance check came in she endorsed it and sent it in to the mortgage company to pay the lien in full. They had been trying to foreclose but the storm actually gave them some relief because those lenders had to hold off.

    The mother 65 had been on the diaysis list and she and her mother moved to Spring on their own with no help from any taxpayer programs. She was having a terrible time with her son who was stressed out and then the mortgage co had not let up for over a year – so she called. We found that she had paid the principal and interest off in full but they still needed $19,000 for escrow deficit and started foreclosure all over again. Investigation showed that the servicer had winterized the property twice at $1600 a go for $3200 and then took out two policies of $3200 each for hazard insurance.

    The property was five feet underwater and not insurable but here they were going to foreclose. We finally got the servicer to stop through various state related, not non profit organizations, and forced them to give her the release on her home. They had overcharged her about $12000 as I recalled in ridiculous fees.

    When I called to tell her that I was obtaining the release she was ecstatic. All the harrassing phone calls, letters and horrible treatment she had received over money they charged to her intentionally bumping the escrow deficit.

    I told her on Wednesday that we would have the release in a week or so but law enforcement called to tell me that during a family fight, the son had killed both his mother and the grandmother. While she was fighting foreclosure and and the lenders, along with the diaysis which she could not live iwhtout, she did not realize what condition her son had actually gotten into.

    She went back home to New Orleans in a coffin along with her mother. It was a very sad event that never should have happened. I contributed this to the servicer’s negligent treatment and falsifying charges as it appeared they had done.

  9. This site empowers people to do something people who feel disempowered tend to sink into depression and add job loss and the head if houshokd unable to give his family a decent home Self esteem is hard to maintain it’s not easy and each situation is a personal battle to make snse of it I think things may be so bad or appear so bad I can understand such a choice… This site I believe promotes people to support each other and hold up each other and realise there is always light at the end of he tunnel.

  10. Baywatch: This is a small list I have of the tragic deaths surrounding the foreclosure CRIME. If it has been determined in any of these cases the banks illegally foreclosed then culpability attaches to those responsible; (Negligent Homicide). Look it up in Blacks Law.

    Foreclosure-Related Suicide: Sign of the Times?
    Massachusetts Woman’s Suicide Followed Foreclosure
    “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.”
    Foreclosure notice leads to suicide of ‘nice lady’
    By Frank Juliano, Staff Writer
    Published: 12:57 a.m., Sunday, January 3, 2010
    MILFORD — A lot of people say “Over my dead body.” Vincenza Garcia meant it.
    Rather than comply with a foreclosure notice and allow a marshal to evict her from the home she loved at 55 Earle St., Garcia took her own life on Oct. 1. And, in the eyes of her attorney, her story is emblematic of the devastation the foreclosure epidemic has inflicted on so many once-proud homeowners.
    Garcia, who had won the city’s Freedom Lawn contest last summer for her beautifully landscaped yard, loved the small house near Point Beach she had owned since 1996.
    She was “a nice lady who was always working on her garden,” said neighbor Phil Vetro. “Every time I’d see her, she’d be out there working.”
    But when the introductory “teaser” rate on her newly refinanced mortgage expired, Garcia, who lived alone and was by all accounts a private person, fell hopelessly behind. There were opportunities to dig out from under, or to at least delay, foreclosure as 2009 wore on, but she represented herself and failed to navigate the complex system.
    And so, aware that the marshal and a moving crew would be at the tidy gray ranch house before 8 a.m., the 56 year-old woman made her final preparations.
    According to an 18-page incident report by the Milford police department, Garcia wrote e-mails to her sister and to her lawyer at 2 a.m., telling them to expect a call in the morning.
    She wrote several letters to family and friends, including one in which she enclosed 37 Lotto tickets and wrote “Have fun!” on the envelope.
    These were left on the kitchen table, along with a list of her family members and her lawyer, with their phone numbers and a Federal Express package that was found to contain an old black and white photo and two invitations to President George W. Bush’s inauguration.
    Garcia then filled the first 11 pages of a notebook with messages of love for her family and her last wishes and left that on the nightstand in her bedroom.
    The woman put her four cats in the bathroom and closed the door, taping to it a list of their names and her veterinarian’s phone number.
    And then, according to the police report, she apparently put some music on her stereo, laid down on her bed and fired a single .22-caliber bullet into her head.
    Foreclosures take an emotional toll on many homeowners
    On a brisk day last fall in Prineville, Ore., Raymond and Deanna Donaca faced the unthinkable: They were losing their home to foreclosure and had days to move out.
    For more than two decades, the couple had lived in their three-level house, where the elms outside blazed with yellow shades of fall and their four golden retrievers slept in the yard. The town had always been home, with a lazy river and rolling hills dotted by gnarled juniper trees.
    HOUSING PAIN ESCALATES: Foreclosures skyrocket 65% in April
    Yet just before lunch on Oct. 23, the Donacas closed all their home’s doors except the one to the garage and left their 1981 Cadillac Eldorado running. Toxic fumes filled the home. When sheriff’s deputies arrived at about 1 p.m., they found the body of Raymond, 71, on the second floor along with three dead dogs. The body of Deanna, 69, was in an upstairs bedroom, close to another dead retriever.
    “It is believed that the Donacas committed suicide after attempts to save their home following a foreclosure notice left them believing they had few options,” the Crook County Sheriff’s Office said in a report.
    Their suicides were a tragic extreme, but the Donacas’ case symbolizes how the housing crisis is wrenching the emotional lives of legions of homeowners. The escalating pace of foreclosures and rising fears among some homeowners about keeping up with their mortgages are creating a range of emotional problems, mental-health specialists say. Those include anxiety disorders, depression and addictive behaviors such as alcoholism and gambling. And, in a few cases, suicide.
    Crisis hotlines are reporting a surge in calls from frantic homeowners. The American Psychological Association (APA) and other mental-health groups are publishing tips on how to handle the emotional stress triggered by the real estate meltdown. Psychologists say they’re seeing more drinking, domestic violence and marital problems linked to mortgage concerns — as well as children trying to cope with extreme anxiety when their families are forced to move.
    “They’re depressed, anxious. It’s affected marriages, relationships,” says Richard Chaifetz, CEO of ComPsych, a Chicago-based employee-assistance firm that is counseling homeowners over mortgage fears. “People tend to catastrophize, and that leads to depression. Suicide rates go up. We see an increase in drinking, outbursts at work, violence toward kids. Before, their houses were like ATMs,” as they rose in value. “Now, they feel trapped like a rat in a corner.”
    Foreclosure filings surged 65% in April compared with the same month last year, according to a report Wednesday by RealtyTrac. One in every 519 households received a foreclosure filing last month, and the number of homes with foreclosure activity in April was the highest monthly total since RealtyTrac began issuing the report in January 2005.
    Don Donaca, Raymond’s brother, says it’s hard to understand the suicide, but he thinks the pending foreclosure led to their deaths.
    “He got so deep in debt he couldn’t figure out what else to do,” says Don, 74, a retired sawmill worker in Prineville. “I guess a guy would have to walk a few miles in his shoes to understand.”
    Financial concerns at the top
    Many other homeowners are at risk of less-severe, but still significant, psychological distress: One in seven homeowners worry that they won’t be able to make their mortgage payments on time over the next six months, according to an April Associated Press-AOL Money & Finance poll, and more than one-quarter fear their home will decline in value during the next two years.
    ComPsych says financial concerns are now the top issue the firm’s counselors are hearing in calls from clients. Calls about financial worries have surged 20% over last year; those related to mortgage problems have doubled.
    “It’s escalated to the No. 1 issue because of the housing crisis,” Chaifetz says.
    Half of Americans identify housing costs, such as rent or mortgage payments, as significant sources of stress, particularly on the East and West coasts, a 2007 survey by the APA says. Sixty-one percent in the West, and 55% in the East (compared with 47% in the Midwest and 43% in the South) reported housing costs as a very or somewhat significant source of stress.
    “The problem affects the whole spectrum, not just people losing their homes,” says LeslieBeth Wish, a psychologist and social worker in Sarasota, Fla. “The stress exacerbates what is already there. It brings to the surface problems that were often already there, like marital problems. There is so much blaming people for the situations they’re in, and that adds to it.”
    One of Wish’s patients was semiretired when she bought a home in 2005 in southwest Florida as an investment that she hoped to “flip,” turning a profit. The woman now owes more than the house is worth and can’t sell it.
    Wish says her client has developed anxiety, dwelling on her financial situation from the time she wakes up to the time she goes to sleep. Other clients, Wish says, are reporting physical symptoms such as headaches and stomach pains stemming from anxiety over their mortgage situation.
    ComPsych’s counselors are hearing similar stories of the mental-health toll caused by the housing slump. At the request of USA TODAY, ComPsych’s spokeswoman Jennifer Hudson queried counselors to come up with examples of the types of employees they’re helping. One couple were going through a divorce, and the wife told ComPsych counselors that financial stress was the final trigger. They had maxed out their credit cards and were living off credit in hopes that they could keep their house. Another woman called because she suspected her husband was gambling again, apparently hoping to win big so they could repair their financial mess. She was afraid they were going to have to move in with her parents, ComPsych says.
    For Gary Sweredoski of Myrtle Beach, S.C., the threat of losing his home to foreclosure has taken both a physical and an emotional toll. In 2007, Sweredoski, who had no health insurance, underwent triple bypass surgery and wound up with more than $300,000 in medical bills. Then Sweredoski, 60, a real estate broker, saw his business suffer as the housing market crashed.
    Today, he and his wife, Irene, struggle to make the mortgage payment on the dream home they built in Myrtle Beach and are trying to stave off foreclosure. Like many other homeowners struggling with the financial consequences of the housing slump, Gary says the emotional pain can be severe.
    Standing on his deck overlooking a lake where ducks swim and bobbing pontoon boats drift by, he says such circumstances “shatter your pride and become very humiliating, even though the circumstances are not of our making.
    “The situation keeps you up at night, preventing you from getting the rest you need. A lot of the depression that I feel, I do in private,” he says.
    “It angers you. It frustrates you. It has a large bearing on your emotional state. When the thought of losing a home looms, you lose more than a building. You lose what you worked for so many years, all of the equity that you have accumulated over the years. It’s humbling. It affects us deeply.”
    Rising depression, suicide rates
    Historically, research shows, rates of depression and suicide tend to climb during times of economic tumult.
    In an article published in 2005 by Cambridge University Press, researchers compared suicide data in Australia from January 1968 through August 2002 with economic problems such as unemployment and mortgage interest rates. The study found that economic trends are closely associated with suicide risk, with men showing a heightened risk of suicide in the face of economic adversity.
    “For some people, suicide is the rational option when they see no future,” says Ken Siegel, a psychologist in Beverly Hills. “One’s house is very much a projection of one’s self. To have a home taken away is tantamount to having part of yourself taken away. There is embarrassment. For many, it’s overwhelmingly unconquerable.”
    In the most severe cases, as with the Donacas, authorities have linked suicides with the financial stress of foreclosures. On Oct. 25, 2007, James Hahn, 39, a chemist in north Houston, was facing foreclosure and had to vacate his home. When deputies arrived with eviction papers, Hahn engaged them and a SWAT team in a standoff that lasted more than 10 hours. It ended in the early morning when Hahn shot himself inside his home, according to a Houston Police Department report.
    “Suicides are very much tied to the economy,” says Kathleen Hall, founder and CEO of The Stress Institute in Atlanta. “It’s a public-health issue.”
    In many cases, psychiatrists say, financial stresses, such as those caused by the mortgage crisis, tend to bring pre-existing mental-health issues to the surface. Studies also show a strong connection between financial distress and emotional stress, including anxiety, depression, insomnia and migraines.
    “Often, there is a dilemma of not being able to afford private mental-health treatment in the midst of a financial crisis,” says Joseph Weiner, a psychiatrist and chief of consultation psychiatry at North Shore University Hospital in Manhasset, N.Y. “Children will likely feel the parents’ tension around financial stress. This could cause feelings of helplessness and anxiety in the child. Sometimes, young children blame themselves for their parents’ stressful situation.”
    Jennifer Paschal, 36, of Woodstock, Ga., has tried to ease the effect of the foreclosure of her home on her children, Bailey, 12, and Trent, 9. But she says they’ve been deeply pained. After 13 years of marriage, Paschal is going through a divorce. The divorce and medical bills led the family to lose its home to foreclosure in April. Paschal couldn’t afford the $1,300 monthly mortgage payment on her $45,000 annual salary as a day care center director.
    The home is a six-bedroom house on an acre of land, with a trampoline in the backyard, blooming pink azaleas and rose bushes, and a muddy creek where Trent and Bailey would catch frogs and play with their two dogs, a retriever and a Labrador.
    Before they left, Paschal took the children to their rooms and told them to fill a box with whatever they wanted to take with them. They moved in July to a two-bedroom, $900-a-month apartment. The “for sale” sign on the house they lost to foreclosure went up this month. When she saw a picture of it, Paschal says, she cried.
    The children are suffering, too. Trent worries about money. Recently, at the grocery store, he told his mother not to buy milk because it cost $4. He begs his mother to get a house again, saying that he’s old enough now to cut the grass.
    “It’s hard,” Paschal says. “I think they see things very differently now. My son asked me how much money I have, and I told him not to worry about it. We had to give away our Lab and our bird dog (because it seemed unfair to keep them in such a small apartment). That killed my son. That tore him apart, big time.”
    In the new apartment, Paschal doesn’t sleep well. After she goes to bed, she hears Trent scurry out of his bed to make sure all the doors are locked. Then Trent comes to her room and quietly tells his mother she can sleep now because everything is safe.
    May 17th, 2010 3:24 PM
    Police: Foreclosure Led to Murder-Suicide

    By Alexander Supgul / MyFox Houston
    HOUSTON – Homicide investigators say a northwest Houston home under foreclosure apparently led the struggling residents to take their own lives.
    Police arrived at approximately 11 p.m. Sunday to the home on Arncliffe Drive near Antoine Drive and found a married couple shot to death.
    The couple left notes that indicated the shootings were suicides and a result of financial difficulties including the foreclosure of their home.
    Investigators say the couple were found on their bed with the suicide notes alongside of them.
    Because investigators say their corpses were decaying for more than one month, the stench of their bodies could be smelled across the street. The smell apparently alarmed a neighbor enough to contact police.
    One gun was found inside the home.

    SWAT Closes In On Foreclosed Home, Owner Shoots Self In Head

    Man Kills His Wife and 5 Children

    By REBECCA CATHCART and RANDAL C. ARCHIBOLD
    Published: January 27, 2009
    LOS ANGELES — A man shot and killed his wife and five young children before taking his own life Tuesday, apparently out of despair after the couple lost their jobs at a hospital, the police and city officials said.
    Officers responding to 911 calls placed by the man, Ervin A. Lupoe, and by a television station to which Mr. Lupoe had sent a fax around 8:30 a.m., found seven bodies in a house in Wilmington, a working-class neighborhood near the Port of Los Angeles.
    A police spokesman said the bodies were identified as Mr. Lupoe; his wife, Ana; their 8-year-old daughter and two sets of twins (5-year-old girls and 2-year-old boys).
    Mr. Lupoe had telephoned and sent a fax to KABC-TV that indicated “he was despondent over a job situation and he saw no reasonable way out,” said Lt. John Romero, a police spokesman.
    The two-page, typewritten letter made clear he was going to kill his family and himself. The station quickly called 911 to report the letter and then posted it on the station Web site after the bodies were discovered.
    The letter said Mr. Lupoe and his wife had worked as medical technicians at a Kaiser Permanente hospital in West Los Angeles, but recently lost their jobs after a dispute with an administrator.
    The administrator, it said, had asked them on an unspecified day why they had come to work, and then added, “You should have blown your brains out.”
    Two days after the confrontation, the letter said, the Lupoes lost their jobs and began planning their deaths and those of their children.
    “Why leave the children to a stranger?” Mr. Lupoe said his wife had asked. “So, here we are,” he wrote.
    Kaiser Permanente officials issued a statement confirming the couple had worked at their hospital in West Los Angeles but would not say when they had lost their jobs or provide other details. “We are deeply saddened to hear of the deaths of the Lupoe family,” the statement said.
    Although the police are treating the case as a murder-suicide, Deputy Chief Kenneth Garner said the police were still sorting through a discrepancy.
    Contrary to his fax and reported call to the television station, the man told a 911 operator he had arrived home and found his family dead, Deputy Chief Garner said. But investigators found a revolver next to Mr. Lupoe’s body, the only weapon in the home, he said.
    The police said they found the bodies of the three daughters next to their father in a front bedroom upstairs. The boys were with their mother in a back bedroom on the same floor.
    “A man who recently lost his job allowed the despair to put him over the edge,” said Mayor Antonio Villaraigosa, who held a news conference outside the house. “Unfortunately, this has been an all-too-common story in the last few months. But that does not and should not lead people to resort to desperate measures.”
    A man killed his ex-wife, her parents and friends at a Christmas party in West Covina last month after losing his job. In October, a 45-year-old father of three shot and killed his wife and children in their Porter Ranch home after describing financial stress in a suicide note.
    Mayor Villaraigosa urged Los Angeles residents experiencing financial stress to talk to friends and neighbors and seek counseling “to get back on their feet and keep their families afloat.”
    Cecilia Yvar, 68, whose grandson often played with the Lupoes’ 5-year-old twins, said the family moved to the neighborhood four years ago. The Lupoes added a second story to their home last year, Ms. Yvar said, and landscaping to their backyard.
    “Maybe too much money, too much stress,” she said while wiping away tears.
    Ms. Yvar said the couple kept to themselves, but greeted their neighbors warmly each day. On Sunday, she said, they appeared unhappy as they walked together outside.
    Yolanda and Oscar Lopez, who have lived in the area three months, said they had seen the Lupoes in the neighborhood.
    “There’s so much pressure from the economy and people out of work and stuff,” Mr. Lopez, 28, said. “But adults, they know there are other options. You don’t have to do this.”

  11. baywatch, go back to watching “Baywatch”. A lot less stress. I know the truth hurts. Suicide brought on by foreclosure is the real deal. So is mental illness. It’s unfortunate when the two become part of the same story.

    And the kids suffer more. Talked with my son yesterday. It was a “lightbulb moment” for him when he realized his depression started with the tension and stress from the financial situation we endured while fighting the bank and the economy at the same time. “We won, didn’t we?”
    “If you count staying in our house as a victory? Yes, we won. But you know we’re still not done fighting this, right?”
    “Yeah dad, I know.”

    One of our neighbors just started packing. FORECLOSED! The ones who had “everything”. Harley, pool, clothes, toys, EVERYTHING! My youngest is best friends with the boy.

    “Dad, what happened? Didn’t they ask you what to do?”
    “No, they didn’t”
    “I thought they had A LOT OF MONEY?”
    “Just goes to show you! Things aren’t always what they seem to be.”

  12. I am fortunate that I am a strong person. But I can see how interactions of these corrupt and racketeering Banksters, corrupt attorneys, corrupt title companys , corrupt judges and all those trying to steal from the pot can cause disrupted lives which includes putting some people over the edge to suicide.

    Why should we not wish all these mobsters the worst of times to come for them.?

    I believe in an eye for an eye.

  13. Sadly but true the post does raise us to another level that many of us did not fully realize. Baywatch makes a point when looking at it from his perspective.

    This site however has offered extremely valuable information and insite and I do not want to believe for a minute that this post was not well intended. However, one cannot really know and that is just the way it is.

    Elizabeth Warren may appear to be the only one left in Dodge but she erred greatly when she said “had we had a cop on the beat” some 1/2 dozen years ago that they could have prevented the negligent servicing practices. Let’s see that would put us back in 2004, right in the middle of the plan to go after the homes of most Americans who they knew would not be able to keep their homes once the rate changes fell into place.

    The American people, those not in default and those that are, have long been taking the hits from servicers as they moved in tandem with the deregulation of the financial services business overall and when the Bush administration and its Congress changed the bk rules in favor of the financial services, this would be the beginning of the end. Fannie and Freddie, once the best of the best up until 1996, put out their instructions in the servicing manual and contract with the servicers. Got a couple of stories that will show how Fannie completely ignored the call of homeowners who had been so taken advantage of. With their stamp of approval, how else could you have expected loan servicers to act when it came to making big profits. They needed each other if they were going to suck the american people dry.

    I will never forget the FNMA representative that told a reporter – “they will feel the pain” And the homeowners have felt the pain but in 2007 and 2008, taxpayer money used to bail them out and which I believe has not yet been repaid.

    It is and has always been my own personal opinion that in preparing in 2000 to 2005 for the advent of the housing crisis to take place, this would help seal the coffin on so many homeowners that found themselves in BK court trying to protect their homes from foreclosure.

    In addition to the BK reform, the private attorneys come along and basically began, for the most part, their sucking out what little bit the homeowners had left by taking the money and doing nothing after that for which they were paid. To this day, I believe private attorneys, bringing up the rear, have simply bridged the gap so that the banks will be successful in their attempts to steal the homes.

    Why do I say this? Well, while there are some attorneys out there going for the class action suits which only end up in a win win situation for the attorney firm. What a sick situation we have.

    Now we have the AG’s coming up with a settlement which I have not read but intend to do so, in an attempt to make it look like they are doing their job. What happened to all the complaints that were filed in 2003-2007 that they so conveniently overlooked. You know, the dear john letters that you received in answer to your complaint.

    We had all the cops we needed, but unfortunately, they were bought and paid for – for not performing and that is just the way it is. Why does Neil want us to believe that this woman, while making such statements, can get something done?. Well, she sounds good anyway.

  14. Please just delete my post and remove my subscription. This thread is too much for me…

  15. I am saddend that you have dematerialized down to this level of conjecture. Suicide is a serious issue, with huge emotional and financial impacts on friends and family. To use it as fodder for your anti-banking hysteria is shallow, callous and self-serving.

    Suicide is not a decision that any person simply makes. It is the effect of mental illness. Certainly, depression can be exagerated by perceived financial issues, but these issues are NEVER the cause.

    A person that is capable of suicide is mentally ill. Dying from suicide is death by a terminal illness, a terminal mental illness.

    You are moving further away from the mainstream everyday and you are seriously beginning to alienate people with your self-serving diatribes.

    Get a grip, suicide isn’t about you or your conpiracies, and really it gives your movemenr an air of illegitimacy when you get to this point of dellusional grandeur.

    Suicide is a mental illness, any “trigger” event could fluctuate per person withy varying degrees through out life. Foreclosure or no foreclosure.

    Personay I now believe that you are a fucking douchebag for resorting to something so shallow to further YOUR personal cause. You dont know what you are talking about as far as suicide goes and you only reference it to fuel the flames of your own cause. You could care less about actual suicide prevention or real facts. Ass.

  16. I’m practicing in Oregon, and now focused entirely on defending homeowners. Consequently, I am continually reminded of the tragic consequences associated with acts of greed and indifference by an industry that could not care less about the damage it has inflicted upon our country’s populace. I think so often, but for the grace of God, go I.

  17. Well, we are still reporting and talking – where is the real action that might make a dent in the control that the banks, the administration and the congress seem to have over us.

    Thank you Neil for this report – No one needs to take a hostile stand, but they need to take a stand and do it now. To sit and do nothing and leave it up to small organizations to try to do something is just not going to get it.

    No suggestions from any of the readers of this cite have come to light that we are aware of. I hope that sensible but enforceable decisions made by the people, for the people, will be carried out.

  18. This theft of land by the ruling class is the same as it has always been throughout history. The peasants need to hang in there, and never give up, because tomorrow is going to be better.

  19. We need a wall street crash like never befor then let’s see who jumps …. These people who need sp much money to ” be somebody” are the weakest people on earth. The poor guy in az dying of cancer who thought he was getting a loan mod when a van pulled up and two guys tell him by the way this is now our house remember that…. This dying man tried to defend his home. He thought he was negotiating that story Went real quiet real fast …there’s no negotiating … I explained the greed for money Is like heroin addiction but there’s no rehab and they don’t know they have an incurable disease , no admission of wrong, no concience because they justify what they are doing each and everyone of them as they go along down this road to hell. I love life and those bastards will never get me down I just pray I stay healthy mind body spirit and I wish the same for all you troopers out there.

  20. I am watching how one by one these bank CEO’s that have stolen properties from millions and wreaked havoc on millions of lives smile and retire with there illegally gotten gains.

    George L Engelke Ceo of Astoria Federal S & L
    who sold my two new york city condos without ever owning them just took his turn at smiling and telling the world he is going to retire.

    These are the people who deserve to be suicides.

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