Carlene Balderrama, a 53-year-old wife and mother, who took her own life once she realized she had lost her home to foreclosure.

Foreclosure Brings Unsurmountable Stress

The Boston Globe reports Balderrama comitted suicide Tuesday just minutes before her home was set for a foreclosure auction. Balderrama faxed a suicide note to the mortgage company, saying “by the time they foreclosed on the house today she’d be dead.”

Balderrama also left a suicide note for her family instructing them to “take the insurance money and pay for the house,” according to the police.

The mortgage company, PHH Corp. through there law firm, released a statement:

“We’re shocked and saddened by what has occurred. Our deepest sympathies go out to the family for the terrible loss it has suffered.”

A Mortgage Insider Memo:

No house, no amount of money, no credit score is worth a life. Please if do not think you are alone in this housing crisis.

If anyone reading this thinks the pressure is too much to bear…call a hotline, call a friend, or better yet call NACA!

NACA is really getting permenant loan modifications foreclosure victims can live with…a long term workable solution.

This is not a workable solution.

Good Luck!


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