Foreclosure Problems? Mother Commits Suicide In Massachusetts

August 4, 2008 · Print This Article

Carlene Balderrama, a mother in the state of Massachusetts, was totally in despair by the impendent foreclosure on her home. Her family’s terrible finances were of no help to her and she found that the only way in which she could save herself would be to commit suicide.

The Boston Herald stated that the 53-old mother could not pay the mortgage in 42 months on the 3-bedroom home, which she occupied with her husband. John Balderrama, her husband said he had no clue whatsoever about the real situation. He informed The Associated Press that his wife had been carrying out the real estate dealing with PHH Mortgage Corp, a mortgage company, without his knowledge. She had been picking letters from company and tearing them to pieces.

According to the police, exploration reveals that that her shooting and all the evidence indicate that she took her life and it was not a case of murder. Taunton Police Chief Raymond O’Berg informed the Boston Herald, “We’re still investigating, but it definitely appears to be a suicide.” The Bristol County District Attorney’s Office too agrees to that statement. Gregg Miliote said, “We might look at finances whether we thought there was foul play, but all signs point to it being a suicide,” and further added “We’ll see where the review takes us.”

The mortgage company received a faxed letter from Balderrama at roughly 2:30 PM on Tuesday, putting a warning that she will no longer be alive when

they foreclosed on her home that day. She was true to her words. It seemed that Balderrama shot herself with her husband’s robust rifle. Her dead body was discovered at 3:30 PM after PHH Mortgage informed the police. The home in Taunton is about 35 miles to the south of Boston and costs $232,000, a large figure in the real estate market. It was supposed to be auctioned absent at 5PM on the day the mother committed suicide failing to overcome a foreclosure crisis.

This mother has a 24-year-old son and she plus left a suicide note for her family that was found beside her body. In that she wrote, “Take the insurance money and pay for the house.” The Herald says that it is not very clear whether John Balderrama, who makes a living by plumbing, will be successful in collecting money on his late wife’s life insurance policy. Mr. Balderrama told the Herald, “She put in her suicide note that it got overwhelming for her.”

In the real estate world, foreclosures are on the rise and pose a threat to many lives as plenty of humans fail to pay their mortgages in time.

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Original post by bhaveshbhatia

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