Less than 24 hours before the bank was scheduled to auction off the Espinosa home in Minneapolis, Colleen and Nick learned that Citibank approved a loan modification that would keep the family in their home and reduce their payments by one-third on a 7.5 year payment plan. Nick created the petition to save the home his mother, a registered nurse and single mother of three, had owned for 16 years. Nick is a volunteer organizer with Occupy Homes Minnesota whose previous petitions in support of Bobby Hull and Monique White helped them to save their homes from foreclosure.
Nick said, "I am deeply grateful to everyone from across the country who stood with our family as we fought our foreclosure. I’m inspired by the outpouring of community support, and it renews my commitment to stand with other families who are struggling to stay in their homes. As with Monique White and Bobby Hull here in Minneapolis, and others standing up across the nation, we see that when a community stands behind a family and draws attention to their case, the banks are more than capable of solving it. If they can fix it for our family, they can fix it for millions of others."
Colleen said, "I'm so relieved that my family’s home of 16 years will not be on the auction block tomorrow. When I first learned we were in foreclosure, I felt ashamed and isolated, and sure we were going to lose our home. As I resolved to fight, I realized I had nothing to be ashamed of. If anyone should be ashamed, it’s the banks for tearing apart our communities after we bailed them out with our tax dollars. When we stand together we can win, and I believe thousands more will."
My mother Colleen McKee Espinosa, is a registered nurse and a single mother of three who has owned her home for 16 years. Last year, she attempted to pay her Citibank mortgage to catch up on two past-due payments on the indicated due date. The bank told her the home had already been sent into foreclosure.
I grew up in our Northeast Minneapolis home, and although we only had six years left to pay off our home, the bank has been unwilling to modify her mortgage so that we can stay in our community.
My mother has struggled her entire life to keep our family afloat and give my siblings and I a better life than she had. She has worked as a registered nurse for 22 years, serving and caring for others, and now she needs our support.
I've dedicated the last 8 months of my life to helping families fight against unjust foreclosures and the greedy banks that would rather leave homes vacant than work to keep families in their communities even after being bailed out with our tax dollars. With your help CitiBank won't be stealing this home from my mom--it stops here.
"I'm not leaving my home until we get a good faith negotiation. I'm fighting to send the message to other people not to give up, because if you're isolated you can't fight these people. Said Colleen. "The banks that crashed our economy better watch out because people are catching on to their game and we aren't going to let them take our homes from us.