Occupy Nashville protesters help homeowner facing foreclosure - WKRN News 2

Occupy Nashville protesters help homeowner facing foreclosure

Posted: Updated: Jan 8, 2012 08:57 PM

Occupy Nashville protesters are hoping to help an elderly woman who is facing foreclosure on her home of two decades.

Seventy-eight-year-old Helen Bailey has lived in her North Nashville home for nearly 20 years. After not being able to make her mortgage payments, Chase Bank foreclosed on her home last April.

"I love it, I don't like moving, I didn't buy the house to move, I bought it to live here until I died," Bailey told Nashville's News 2, "If I had to move, well I have to accept it but I would cry."

Bailey and her lawyer, Steve Fifield of Rocky McElhaney have been working to save her from losing the house.

In August, Fifield arranged a deal with United Capital, which agreed to refinance Bailey home. The deal required a $9,000 principal reduction from Chase.

However, according to Fifield, Chase Bank refused the offer.

"When they [Chase Bank] refused to do anything with us along those avenues, I began looking into all of our other avenues we had," Fifield told Nashville's News 2.

As a last resort, Fifield contacted members of the Occupy Nashville movement.

"I figured let's give it a shot, let's talk to some people that care about people like Ms. Bailey," said Fifield.

On Sunday, at a news conference, the Occupy Nashville movement has agreed to take on Bailey's fight against Chase Bank, and has vowed to help in any way possible.

"As we [Occupy Nashville] were facing our own evictions in the cold, it's getting colder, winter is coming and I think everyone here in Nashville as well as our allies around the country understand what it's like to be kicked out of a place that you've come to call home," Tristan Call, an Occupy Nashville member told Nashville's News 2.

The group has been collecting signatures in an effort to pressure Chase Bank into accepting Bailey's offer, which would allow her to keep her home.

Bailey's home was set to go up for auction on January 18, but Chase Bank has postponed it for 30 days.

Occupy Nashville hopes Bailey is the first of many people they can help in similar foreclosure situations.

To contact the group, email OccupyHomes@gmail.com.

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