Nashville Woman Challenges Banking Giant

Feb 8, 2012

NASHVILLE, Tenn. (AP) — More than 37,000 people have signed an online petition calling on JP Morgan Chase & Co. not to foreclose on an elderly Nashville woman.

A news release from petition website says Helen Bailey is a 78-year-old homeowner who has paid her mortgage for years. It says she fell behind on payments due to medical bills.

The release says she could lose her home as early as Feb. 15, but JP Morgan Chase spokesman Greg Hassell says the bank has postponed the foreclosure sale until March. He says the bank is working with the family and this is the fourth time the sale has been postponed.

Hassell says the bank looks forward to finding an amicable solution.

The petition was started by Occupy Nashville's Housing Protection Committee.