Confirmed victory

from on .

Monique White bought her house in North Minneapolis in 2003, and was the first person in her family to own a home. Now she is facing foreclosure and though she has been trying for years to work with U.S. Bank to save her home, they have been unwilling to help her up to this point.

Monique worked for 11 years as youth counselor at a group home to help troubled teens transition back into their communities. In February 2010, the nonprofit shut down due to state budget cuts. Although Monique still has a part-time job at a liquor store where she has worked for the past 8 years, this has not been enough to afford her mortgage payment.

Monique has gone through the process of trying to get a loan modification writing a hardship letter and sending document after document to US Bank, yet they still refused to work with her and have foreclosed on her home.

"A house across the street from mine just sold for $9,500, and the bank would rather kick me out and let the house sit empty than renogotiate my $130,000 mortage. It makes absolutely no sense." Explained Monique.

She purchased her home for $127,000 in 2003 and has put an additional $30,000 into repairs and improvements. US Bank repurchased it at a sheriff’s sale in January 2011 for $71,000. US Bank has refused to reduce the loan amount to what the house is worth now which would have lowered her mortgage payment by over $400 per month.

Monique wants to stay in the home that her children have lived in for the last eight years. Her 16 year old son is nearing graduation, and she is worried that moving to a new school district would mean he would have new graduation requirements. One of the last things Monique's father did before he died was to help her with the downpayment on her home and now she is in danger of losing everything.

Please sign this petition to demand Richard Davis, CEO of U.S. Bank, negotiate with Monique to find a way to stay in her home.

Letter to
Senior VP, US Bank Tom Joyce
VP, US Bank Teri Charest
CEO, US Bank Richard Davis
I just signed the following petition addressed to: Richard Davis, CEO of U.S. Bank.

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Negotiate with Monique to Stop Her Eviction

Monique White bought her house in North Minneapolis in 2003, and was the first person in her family to buy a house. She went through first time home buyer classes and saved up a down payment. When she got the key to her house she was so happy she broke down and started crying .

Monique worked for 11 years as youth counselor at a group home for troubled teens. In February 2010, the nonprofit shut down due to state budget cuts. Although Monique still had the part-time job at a liquor store that she has had for 8 years, this was not enough to afford her mortgage payment.

Monique went through the process with US Bank of trying to get a loan modification. She wrote a hardship letter and repeatedly sent US Bank the information they needed. US Bank still refused.

US Bank also was not willing to reduce the loan amount to what the house is worth now. Monique purchased her home for $127,000 in 2003 and has put an additional $30,000 into repairs and improvements. US Bank repurchased it at a sheriff’s sale in January 2011 for $71,000. If US Bank had reduced her loan amount to what the house is worth, it would have lowered her mortgage payment by over $400.

Monique wants to stay in the home that her children have lived in for the last eight years. Her 16 year old son is nearing graduation, and she is worried that moving to a new school district would mean he would have new graduation requirements. Also, Monique says that it feels like her late father is part of the house because one of the last things he did before he died was to help her with the downpayment.
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Sincerely,