Protesters converge for home foreclosure showdown

12:54 PM, Oct 8, 2013   |    comments
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MINNEAPOLIS - Dozens of protesters are bracing for a showdown with Hennepin County Sheriff's deputies Tuesday, as they attempt to stop foreclosure proceedings against a homeowner in south Minneapolis.

Jaymie Kelly says she's owned the home at 3753 11th Avenue South for 30 years, but claims she was the victim of a predatory lender when her husband died in the early 2000s and now is in a vicious cycle of financial failure.

Kelly says she's ponied up $425,000 in mortgage payments over three decades and should not be in this position.

"I've already paid for my home five times over and this is the crisis situation right now, there's many people who are in similar situations throughout the world," Kelly said.

She has attempted to negotiate with JPMorgan Chase, who serviced her mortgage for the investor, Freddie Mac. In working with Freddie Mac, she said that even after 9 months, the company was unable to find a solution to her problem.

Occupy Homes, an organization that has staged a number of housing protests and blockages during America's financial crisis, has decided to draw a line in the sand at Kelly's home.

Organizers say they will use a number of tactics to stop the eviction.  

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