What: Press Conference
When: 9:00 a.m. Monday November 12, 2012
Where: Affinity Plus Credit Union, 2520 University Ave. S.E, Minneapolis
Who: Emily Moore, Rose McGee, Occupy Homes MN, Northside Community Reinvestment Coalition (NCRC), Jewish Community Action (JCA) and concerned community members
Minneapolis, MN- On Monday, November 12, Minneapolis resident Emily Moore will divest her mortgage from CitiMortgage and transfer it to Affinity Plus Credit Union to protest CitiMortgage’s failure to negotiate a loan modification for her friend Rose McGee. Other homeowners have withdrawn their mortgage from CitiMortgage in support of McGee as well. McGee has been an active and valuable member of the Twin Cities community for over 30 years and is the widow of the well-respected William "Billy" McGee, former Chief Public Defender for Hennepin County.
"The failure of CitiMortgage to communicate effectively or engage in constructive problem solving with an upstanding person like Rose McGee made me realize that I could no longer in good conscience continue to keep my mortgage with CitiMortgage. I prefer to do business with lenders offering legitimate customer service to homeowners seeking to resolve their mortgage issues through loan modifications in these strained economic times," said Moore.
As a result of a job layoff, McGee has been battling an unjust CitiMortgage foreclosure for well over a year. After regaining employment, she sought to negotiate a loan modification. CitiMortgage told her the modification process was underway, yet simultaneously the loan was sold at a Sheriff’s Sale in a practice commonly known as “dual tracking,” which is illegal in some states. Despite now being employed and able to pay her mortgage, McGee is being threatened with eviction from her home of almost 20 years. "Any of us could find ourselves in this situation. I hope others follow my example and move their mortgages from CitiMortgage and into community banks," said Moore.
Facebook event: http://www.facebook.com/events/335012749930871/
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