Every time I see one of these stories it breaks my heart. How sad that anyone thinks that life isn’t worth living after losing a home.
Kurt Aho’s home was sold at a foreclosure auction on Tuesday. When the new owners came by and asked him when he was going to vacate, he shot out their tires. He had a beer with a neighbor right before the police came:
Jeffrey Hobson said he shared a final beer with Aho moments before the confrontation. He said he worried when Aho told him he wanted to die.
“He said, ‘When the cops get here either I’m gonna die by them or I’m gonna kill myself,’” said Hobson. “They gave him exactly what he wanted.”
Neighbors who witnessed the incident around 4:30 p.m. said Aho paced the cul-de-sac with gun in hand after chasing away the new owners. As officers ordered him to drop his weapon, the self-employed contractor ignored them, walking back to his home to fetch fresh beers.
Officers first shot Aho with rubber bullets, hitting him in the arm. Aho then fired twice at officers, striking the SWAT team’s armored vehicle with one shot, according to James Holmes, a Phoenix police spokesman.
Aho, who suffered from recurring bouts of cancer and was having a hard time finding work told neighbors he had nothing left to live for.
L checked on the financing of Aho’s home and discovered that Aho refinanced in 2005 for $99,000. In 2007 he took out a $176,000 HELOC. L is a big advocate of people being responsible for their actions and not just blaming the lenders. He did however have this comment:
Maybe the people who loaned him $176,000 on top of the $99,000 should be a little responsible as well as himself. What were they doing lending him that much against a house that wasn’t worth but $99,000 ?
Good question.
This sad story from the Arizona Republic grabbed the attention of both M and L this evening. Thanks guys!









This is all part of the Illuminati’s objective to make “homeownership” or rather “home debtorship” or perhaps better labeled “self-inflicted indentured servitude to debt” the American Dream
Doesn’t everyone know that by now?
Man, I see in fight club the strongest and smartest men who’ve ever lived. I see all this potential, and I see squandering. God damn it, an entire generation pumping gas, waiting tables; slaves with white collars. Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don’t need. We’re the middle children of history, man. No purpose or place. We have no Great War. No Great Depression. Our Great War’s a spiritual war… our Great Depression is our lives. We’ve all been raised on television to believe that one day we’d all be millionaires, and movie gods, and rock stars. But we won’t. And we’re slowly learning that fact. And we’re very, very pissed off.
-Tyler Durden (Fight Club)
Doesn’t the bank take possession of the house before it ever goes to auction? This sure put the new owners in a weird, and dangerous, position…
yeah….i don’t quite understand why he was still there? my brother cleans up foreclosures for the banks down in miami. once in a while the previous owner(s) are still there when he gets there. his first step (per the banks) is to offer “cash for keys.” but if that doesn’t get them out then they schedule an eviction with the sheriff. once the previous owner is out, the first thing they do is change the locks. if the bank owned this property i’m just not quite sure how this guy was still there….unless he just broke back in to live??? sadly though, this wont be the last story like this.
I’ve been reading that more homes are being bought at auction by investors. I’m assuming that when that happens, it’s the responsibility of the new buyer to handle evictions.
interesting….i think i’d want to stay away from that whole situation. if i’m going to invest in a house, it would be one that does not have a current occupant (unless they’re a renter already in place i suppose?).
What did he spend the $176,000 on, besides beer? Therein lies the rub…
Hey there Ponzi…
“Illuminati”…”Fight Club”…how refreshing!
Outstanding wordsmithing! Throw in a little Dylan now and we might just get right down to the absolute nut of the problem