Hours Before Home Foreclosed Upon, Woman Kills Herself
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A 53 year old Massachusetts woman killed herself after faxing her mortgage company that she was going to do so. Her family home was due to be foreclosed upon later that afternoon, and in a last gasp desperate attempt to save the home, she committed suicide.
This is a tragic story, no doubt about it, but the foreclosure of the home was the catalyst, not the reason. When you dissect the situation, the home was being foreclosed upon, but she never told her husband that she had stopped paying the mortgage 42 months earlier.
No I want to respect the dead, but come on. This is a story of a wife failing to communicate with her family and hours before they are to be kicked out of the home she commits suicide. The foreclosure will get the headlines, but the reality is she did not want to face the lies that built up to it.
My heart goes out to her family, this is a tragedy. But this is not primarily a situation where the foreclosure caused the suicide. The lenders gave her 42 months of not paying her mortgage. This is a person who had other more serious issues in her life.
A 53-year-old wife and mother fatally shot herself shortly after faxing a letter to her mortgage company saying that by the time they foreclosed on her house that day, she would be dead.
Police said that Carlene Balderrama used her husband’s high-powered rifle to kill herself Tuesday afternoon, shortly after faxing the letter at 2:30 p.m.
The mortgage company called police, who found Balderrama’s body at 3:30 p.m. The auction was scheduled to start at 5 p.m. and interested buyers arrived at the property in Taunton, about 35 miles south of Boston, while Balderrama’s body was still inside, according to Taunton Police Chief Raymond O’Berg.
Police did not immediately release the name of the mortgage company. O’Berg said Balderrama’s fax read, in part, “By the time you foreclose on my house I’ll be dead.”
O’Berg also said a suicide note found next to Balderrama told her husband, John, and 24-year-old son to “take the (life) insurance money and pay for the house.” via ajc.com.
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
The part about the inventory is right on but in my area they are mostly low end and beat up ...
I worked for this man, he is a great con man and has done this in more than States then ...
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Maybe it was kryptonite...
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I couldn't agree more.
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well, the guy was here illegally.
serves him right. 
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Comment by Rahul on 24 July 2008:
This whole crisis is creating a big mess. Something has to be done to manage it soon.
Comment by Hopkinton Real Estate on 24 July 2008:
What an incredible shame. I live in the next town over from Upton. This news will certainly rock this small tightly knit community.
Comment by Leisure City Real Estate on 24 July 2008:
This is a clear example of how things have gone worse. Rahul is right something must be done.
Comment by Pamela on 25 July 2008:
It is always a tragedy when someone takes their life over a situation that is not life threatening. However this crisis has been expanded by the Government, intervening, or discussing intervention which has caused buyers to wait, until the government passes a bill to give them money to help purchase Real Estate. This is the 3rd foreclosure market I have worked through, odd, how in the 80’s foreclosure market, as property values dropped, other buyer’s came in purchased and we went forward. Again, 2001-2004, major foreclosures, purchased, and we went forward. In the 80’s by the way, interest rates were 13%-18% for owner occupant loans. The hand wringing and screeching is due to politics and in the interim,everyone wants to stop foreclosures, fine, now who is going to pay the Property Taxes, HOA dues, while the lender sits on the property. Lender doesn’t own it, not their cost, Homeowner, can’t pay it, so I assume the City/County and HOA will have to file foreclosure????? There are too few experienced, knowledgable people involved in the decision making. Too many People bought REstate like a gambler at Vegas. When you crap out at Vegas, you leave the Casino