By Mel Reeves
After a public pressure campaign led by Occupy Homes MN ’s Foreclosure and Eviction Free Zone, Gayle Lindsey, a nursing assistant and grandmother in South Minneapolis who was facing imminent eviction, has won an 11th-hour loan modification on her mortgage from M&T Bank. Lindsey bought the home in 2001 and was given an adjustable-rate loan that rose by a few hundred dollars last year. “I was struggling, but I still paid, it,” she said. But, last year, hours on her second job were cut from 30 per week to only five, and she found that she was unable to afford her monthly payments.
Early last year, she said, M&T Bank, based in Buffalo, New York, sent a letter threatening foreclosure. Continue Reading →