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Business

Helen Bailey, civil rights activist, may be foreclosed by JP Morgan

by theGrio | February 8, 2012 at 4:49 PM
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In the middle of their Black History Month advertising campaign, JP Morgan Chase may be responsible for removing an elderly civil rights activist from her home. Helen Bailey, 78, of Nashville, Tennessee faces foreclosure because she can’t keep up with her mortgage payments. Huffington Post reports:

In the midst of a campaign to help “fulfill” the “vision” of Martin Luther King Jr., JPMorgan Chase has come under fire for threatening to evict an elderly Civil Rights-era activist.

The bank may foreclose on the home of 78-year-old Helen Bailey, a Nashville, Tennessee-based former civil rights activist because she can’t keep up with her mortgage payments, according to a petition to save her house on Change.org. Bailey attempted to refinance with with a company that would have let her stay in the home until she died, but she says she couldn’t convince Chase to reduce her principal by $9,000.

Other civil rights activists have already joined the more than 35,000 people that signed on to the petition asking the bank to accept an offer to purchase Bailey’s home from an alternate buyer. The uproar comes as the bank is featuring a page on its website touting its commitment to “do our part to uphold Dr. King’s vision.”

Click here to read the rest of this story.

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Filed in: Black History, Business, Money | Related Topics: Black History Month, Civil Rights, Foreclosure, Helen Bailey, JP Morgan Chase, Martin Luther King Jr
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