• Petitioned Kevin Cook, Home Lending Executive Supervisor

This petition was delivered to:

Chase
Kevin Cook, Home Lending Executive Supervisor
Chase
Kristin Lemkau
Chase
Jennifer Zuccarelli
Chase
Elizabeth Seymour
Chase
Joseph Evangelisti, Global Media Relations
Chase
Thomas Kelly
Chase
Wilson & Associates
Chase
Jamie Dimon
Chase
Brian Marchiony

Don't foreclose on Helen Bailey

    1. Petition by

      Occupy Nashville Housing Protection

  1.  
  2.   
February 2012

Victory

Occupy Nashville created this campaign calling on Chase Bank to stop the foreclosure on the home of a local 78-year-old grandmother, Helen Bailey. While moving forward with foreclosure on Ms. Bailey, who marched for civil rights, JP Morgan Chase also launched a new website and marketing campaign aligning itself with the legacy of Dr. Martin Luther King Jr. Ms. Bailey won the support of prominent civil rights leaders including Cornel West who said: "I strongly support my dear sister Helen Bailey. Her struggle for justice is legendary. I stand with her."

After receiving attention from media outlets like MSNBC, the Huffington Post, Business Insider, the Associated Press and The Tennessean, Chase Bank announced that it would postpone Ms. Bailey's foreclosure. After negotiations with Ms. Bailey's lawyer, Ms. Bailey and Chase Bank reached an agreement that will allow her to stay in her home until she dies.

Ms. Bailey said: “I feel like a weight has been lifted off my shoulders. I love my home and my community and I am so blessed to be able to stay here. I am thankful for the support of my neighbors and the nation." Occupy Nashville said that they thank Change.org for "providing a platform to make social change possible."

WHILE Chase misappropriates the memory and image of Martin Luther King this Black History Month, the bank is still going forward with its plans to foreclose on Helen Bailey on Feb. 15.

Helen Bailey is a 78-year-old grandmother who participated in the civil rights movement, worked as a childcare provider for autistic children, and was a community volunteer. She has paid her mortgage since 1999, but now she can't keep up the payments. All she wants is to stay in her home until she dies, in the neighborhood where she feels safe and has lived for nearly quarter of a century. She could have refinanced with a company willing to let her live in the house for free until her death, but Chase Bank would not reduce her principal by $9,000. She's been paying 7% interest, well above most rates, so Chase could have decided they had made enough. Instead, they have started foreclosure and Ms Bailey could end on the street. 

Since then, Ms Bailey's lawyer has found an alternate buyer for her home. This sale would provide Ms Bailey with an exit from her current mortgage and allow her to pursue other options for housing. We request that Chase:

· accept the offer of $85,000
· write off any deficiency between the loan balance and the offer
· waive all interest, legal fees and penalties accrued since the initial refinance offer
· cancel any foreclosure auction scheduled

It has been estimated that at foreclosure, Chase may lose over $30,000 compared to this settlement offer. Therefore this option makes the most sense financially for Chase and given Ms Bailey's specific circumstances, there is little moral hazard in this solution.

Tell Chase that in Nashville, in America, we don’t throw elderly ladies out on the street. In Nashville, in America, we fight for what’s right. Helen Bailey marched for civil rights. It's our turn to march for Helen Bailey.

__

To mark Martin Luther King Day and Black History Month, Chase gave us all a new website saying that the company gives back to communities. 

On the website, Chase says, "The values exhibited by Dr. King and embodied in his lifelong struggle for social change align with those that shape JPMorgan Chase's approach to giving in the communities in which it operates."

But King's legacy is not for Chase to use to cover up their own special brand of callousness.

While Chase tries to tie itself to the incredible legacy of Martin Luther King, who really did believe in communities, Chase tries to throw a grandmother who marched for civil rights out onto the street.

 

 

 

 

Recent signatures

    News

    1. With Support of Thousands, Occupy Nashville Saves Helen Bailey's House

      NASHVILLE — Buoyed by overwhelming support from the community of Middle Tennessee and around the world, Occupy Nashville has saved grandmother Helen Bailey’s home from foreclosure.

      Now Bailey, 78, will be able to stay in her Nashville home until she dies.

      Bailey wanted nothing more than to live out her years among her neighbors, just two doors down from the church she loves.

      “I feel like a weight has been lifted off my shoulders," Bailey said. "I love my home and my community and I am so blessed to be able to stay here. I am thankful for the support of my neighbors and the nation."

      The terms of the agreement from her mortgage-holder, JPMorgan Chase, are sealed, but previous settlement attempts involved a reverse mortgage that would let the new lender sell her home when she dies.

      Follow the link to see our full press release

    2. Reached 100,000 signatures
    3. Roland Martin: Civil Rights Activist Faces Foreclosure, Chase Refuses Help

      CNN contributor and radio commentator Roland Martin features Helen's story on his radio show.

    4. Reached 75,000 signatures
    5. Nashville civil rights activist gets support from 40,000, Occupy Nashville

      Helen Bailey fought for civil rights in the height of the Nashville movement, and now others are fighting to help save her North Nashville home.

      Bailey, 78, has fallen behind on her mortgage payments and could face foreclosure as soon as next month. An online petition on Change.org has garnered nearly 40,000 signatures protesting the pending foreclosure, including one from Cornel West, a famed civil rights activist, philosopher and Princeton University professor.

      But today, Bailey just wants to stand in her own home. She is teaming with Occupy Nashville to pressure Chase Bank, which services her loan, to reduce the principal by $9,000 so she can refinance her house off Buena Vista Pike, where she’s lived 23 years, with another lender.

    6. Civil Rights Leaders Stand with Helen Bailey

      Prominent civil rights leaders are standing with Helen Bailey and supporting her struggle to save her home. A number of prominent racial justice advocates have called on Chase Bank to stop the foreclosure on Ms. Bailey's home if it really wants to "uphold Dr. King's vision."

      Cornel West said: "I strongly support my dear sister Helen Bailey. Her struggle for justice is legendary. I stand with her." Will you ask your friends to join you in standing with Ms. Bailey?

    7. Reached 40,000 signatures
    8. Video: Chase Exploits Legacy of Martin Luther King: Chase vs. Helen Bailey

      Chase this week launched a website devoted to Dr. Martin Luther King, saying that like King, like Chase, supported communities.

      "The values exhibited by Dr. King and embodied in his lifelong struggle for social change align with those that shape JPMorgan Chase's approach to giving in the communities in which it operates," the newly launched Chase website reads.

      But King's legacy is not for Chase to use to cover up their own special brand of callousness.

      While Chase tries to tie itself to the incredible legacy of Martin Luther King, who really did believe in communities, Chase tries to throw a grandmother who marched for civil rights out onto the street.

    9. Promotional Video: Helen Bailey

      Helen Bailey marched for civil rights. Now it's time we march for her.

    10. Reached 250 signatures
    11. Occupy Nashville Helps Senior Citizen Fight Foreclosure

      NewsChannel 5's coverage helped Ms. Bailey gain exposure and enabled her to speak in her own words about how much living in her own house in her elderly years means to her.

    12. Reached 100 signatures

    Supporters

    Reasons for signing

    • RICHARD CONRAD PHILA, PA
      • almost 2 years ago

      HOFL?HomeOwnFromLoan!!!

      REPORT THIS COMMENT:
    • David Hoover_Adams PALMDALE, CA
      • over 2 years ago

      Here in California we're still counting on State Atty. Gen. Kamala Davis to go after the banks who defrauded our citizens, costing them the loss of homes!!

      REPORT THIS COMMENT:
    • Gabby Frias EVERETT, WA
      • over 2 years ago

      It is time for the people to take reigns of our country and put a stop to the abuse of power this large corporations have continually enacted on those whom they know they can abuse

      REPORT THIS COMMENT:
    • Pamela Crosby PLANO, TX
      • over 2 years ago

      Because Chase has not only profited from a bail-out (Ms. Bailey paid into THAT, also) but intend to profit from their ill-gotten and fraudulently conceived mortgage loans. They need to be stopped ASAP.

      REPORT THIS COMMENT:
    • Lisa Bryant DUBLIN, GA
      • over 2 years ago

      Chase can also use Helen Bailey in ads for Black History Month and compensate her by giving the elderly lady the house or by allowing her to live the rest of life there. Trying one of these to solve your (Chase) problem is the best way to solve this problem. I'm looking for a job in a PR Firm. HIRE ME.

      REPORT THIS COMMENT:

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