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Rose McGee wins settlement to stay in her home after year-long foreclosure battle

Rose McGee wins settlement to stay in her home after year-long foreclosure battle

After a year-long journey fighting her wrongful foreclosure, Rose McGee has won a settlement with CitiMortgage and Fannie Mae to stay in her home.

“We are working on final details for a settlement resolution, and I will be staying in my home,” said Rose. 

70 community members gathered to support Rose in a prayer vigil circling the Government Center water fountain Tuesday afternoon before she went into settlement court, where she finally reached a deal with CitiMortgage and Fannie Mae.

 

Rose, a community leader known for her storytelling and sweet potato pie business, fell into foreclosure after losing her job at a nonprofit. Immediately she contacted CitiMortgage to let them know. They assured her they were working on a modification—but then sold her home at a sheriff sale May 18, 2012. This process, in which banks foreclose on their customers during the modification process, is known as “dual tracking.”

With the help of Occupy Homes MN, Northside Community Reinvestment Coalition, Jewish Community Action, and MN Neighborhoods Organizing for Change, Rose began organizing a public campaign to save her home, with protests at Citibank branchesa letter delivery to Fannie Mae headquarters in D.C., and a “Housing is a Human Right” bus tour. In January, Rose’s story helped launch the Homeowner Bill of Rights, a bill in the Minnesota legislature that would ban dual tracking and other foreclosure abuses.

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