[Occupymendocino] Wells Fargo's new low

[Mark Safron]

Friends,

Wells Fargo is trapping elderly widows in a horrific Catch-22 scenario in order to take their homes.

Imagine: Your husband passes away and you fall behind on your mortgage payments. Your income has been drastically reduced, so you seek to renegotiate with the bank. But the bank won’t renegotiate, because your husband’s name is on the mortgage note, and you can’t add your name to the note, because you are not current on your payments. You’re out of work, you’ve just lost your husband, and you’re about to lose your home.

This nightmare is all too real for elderly women across America. People over 50 are falling into foreclosure faster than any other group. For many widows, the combination of rising medical expenses and a sudden loss of income means losing the homes that they have spent a lifetime building.

Tell banks to stop this awful practice, and allow widows to renegotiate their mortages so they don’t get kicked out of their own homes.http://action.sumofus.org/a/widow-mortgages/85/?sub=taf

Thank you
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