90-Year-Old Woman Shoots Herself Inside Foreclosed Home

Ohio - Three Summit County Sheriff's Deputies serving a foreclosure eviction notice to the 1100 block of Lacroix Avenue in Akron found a 90-year-old woman shot on the second floor of the home.It is unclear if the woman, Addie Polk, shot herself accidentally or if she was attempting suicide.According to officials with the Summit County Sheriff's Department, the deputies knocked on the woman's front door on Wednesday at 1:00 p.m. No one answered and as they were about to leave, they heard a noise coming from the second floor of the home. This situation could have easy been resolved if this lady would have been given a reverse mortgage. The lady could have received cash and the only time her balance would have come due.When the loan ends when the homeowner dies, sells the house, or, depending on the loan conditions, moves out of the house for 12 consecutive months (for example, to go into an assisted living home or due to physical or mental illness the borrower is not able to live in the property on which the loan has been taken). At that point, the reverse mortgage can be paid off with the proceeds of the sale of the house, or if the borrower has died, the property can be refinanced by the heirs of the homeowner's estate with a regular mortgage. If the proceeds exceed the loan amount including compounded interest and fees, the owner of the house receives the difference. If the owner has died, the heirs receive the difference. For cases where the proceeds are not sufficient to pay off the loan, then the bank (or insurance which the bank has on the loan) absorbs the difference.
The technical term for this cap on debt is "non-recourse limit." It means that the lender does not have legal recourse to anything other than the value of the home when the loan is to be paid off.[3]
In most cases when the borrower moves out of the property or dies, as long as the borrower (or his estate) provides proof to the lender that he/she is attempting to sell the home or obtain financing to pay off the outstanding debt, the investor will allow him up to one year to do so. After the one year extension period is up, the lender cannot provide any further extension of time to the borrower (or estate).

Liars In The Church

A preacher finished the service one morning by saying, 'Next Sunday, I am going to preach on the subject of liars. As a preparation for my sermon, I would like you all to read Mark 17.' On the following Sunday, the preacher rose to begin. Looking out at the congregation he said, 'Last week I asked you all to read Mark 17. If you have read the chapter, please raise your hand.' Nearly every hand in the congregation went up. Smiling, the preacher said, 'You are the very people I want to talk to. Mark has only 16 chapters.'

Did you know that Apple Threatens to Shut Down iTunes

Musicians and their labels want Apple to increase the amount they make per digital music download. Apple says they would rather shut down iTunes music store. They are turning down a request for an increase of six more cents per song for music publishers and songwriters.
Apple has insisted on keeping the price at 99 cents per download arguing that any price increase above that will make them unprofitable. The Copyright Royalty Board is scheduled to decide on the proposal by a three-person board appointed by the Librarian of Congress by Thursday. Music publishers want their cut to go from 9 cents to 15 cents per song - a 66 percent increase.
Digital downloads have been at the same rate for 12 years and at the the same rate as the sale of physical albums. The board will also raise royalties on physical albums and ringtones, “for the next five years.” I don’t know if that means in five years they will raise the rates higher.
Wired quotes Apple’s iTunes vice president Eddy Cue as saying:
“Apple has repeatedly made it clear that it is in this business to make money, and most likely would not continue to operate [the iTunes music store] if it were no longer possible to do so profitably.” more

Court denies GOP appeal on Ohio early voting

COLUMBUS, Ohio (AP) — The Ohio GOP suffered another legal defeat Tuesday, as a federal appeals court ruled against the party's appeal involving a disputed early voting window that allows Ohio voters to register and cast a ballot on the same day.

A three-judge panel of the 6th U.S. Circuit Court of Appeals in Cincinnati denied the Ohio GOP's request that, at the very least, ballots cast during the weeklong period be segregated from other ballots cast for the Nov. 4 presidential election.

A federal district judge in Columbus declined to rule on the matter Monday. The Ohio Supreme Court upheld the early voting window in a 4-3 decision the same day, while a federal judge in Cleveland also sided with Ohio Secretary of State Jennifer Brunner.

The appeals court noted that the lower district court did not rule on the matter of the voting window, and said the argument involves facts about how election officials handle absentee ballots that must first be presented to a lower court.

Bill Todd, a lead attorney for the Ohio GOP, said the party was discussing its options Tuesday night. It wasn't known whether they planned to further appeal.

The appeals court also gave Brunner a second victory, rejecting a GOP challenge to her advisory that county boards of elections weren't required to allow poll observers during early voting.

A federal judge in Columbus issued a temporary restraining order against Brunner's instructions Monday. But the appeals court overturned that ruling, saying the district court had abused its discretion in granting the order.

Thousands of Ohioans went to the polls Tuesday for the first day of early voting. Ohio's largest counties had several hundred voters each, and a small portion of them also registered Tuesday.
http://ap.google.com/article/ALe...U0W- JwD93HBGS80

Police officer accused of kidnapping and rape while on duty

LAWRENCE, Massachusetts - A Lawrence police officer has been arrested for allegedly kidnapping and raping a woman while on duty and in uniform.Kevin Sledge, of Salem, N.H., was arrested after being stopped in Pelham, N.H., on Tuesday, shortly after authorities issued a warrant. Police had asked Sledge to turn himself in, but he went missing and family members told police he might be suicidal. more

School bus driver passed out behind the wheel of a loaded bus

DUI - School bus driver passed out behind the wheel of a loaded bus that was stopped in the middle of a road


LOUDON, Tennessee - Police in eastern Tennessee say they found a school bus driver passed out behind the wheel of a loaded bus that was stopped in the middle of a road.
None of the 30 children aboard were hurt Tuesday morning and the driver was charged with driving under the influence. Kwasny was taken to a hospital and then to jail, where she remained in custody. more

Wall Street bailout

Here's a thought.

This is not a "Wall Street bailout".The banking giants FannieMae, LehmanBros, Wachovia, MorganStanley, etc,etc,etc, have all either withered and died, or have been gobbled up by other banking giants for pennies on the dollar by now.This is no longer an effort to keep a large number of super rich investment banks and insurance companies like AIG afloat. It's too late for that now.What this is, at this point, is a plan to spread around 700 billion in capital to all the still functioning lenders, so that they will have money to hand out credit ie loans to everyone under the sun, and in doing so keeping the economy afloat.No credit means no car loans, no new mortgages, no new business ventures, no home improvements, and etc,etc.The economy is based on lending and loans. Without it, the economy dies.Question is, now that were not investing this 700 billion into direct, palpable companies like we did with BearStearns, where EXACTLY is this 700 billion going to?No financial analysts have answered this important question.This money is going to be pumped into literally thousands of different banks across the nation.