Occupy Our Homes Saves Former Civil Rights Activist Helen Bailey From Foreclosure

(Photo credit: Samuel M. Simpkins / The Tennessean)

Helen Bailey, the 78 year-old former civil rights activist who was threatened with foreclosure by J.P Morgan Chase while the company trumpeted its efforts to uphold Martin Luther King Jr.’s legacy, will be able to remain in her home until she passes away after a successful campaign by Occupy Nashville:

I feel like a weight has been lifted off my shoulders,” Bailey said. “I love my home and my community and I am so blessed to be able to stay here. I am thankful for the support of my neighbors and the nation.”

The terms of the agreement from her mortgage-holder, JPMorgan Chase, are sealed, but previous settlement attempts involved a reverse mortgage that would let the new lender sell her home when she dies.

Occupy Nashville took up Bailey’s cause last month and received national attention for their efforts. Bailey was seeking to refinance her mortgage with JP Morgan Chase which would have allowed her to remain in her home for free until she dies, but the bank initially refused.

A petition at collected over 80,000 signatures, and prominent civil rights activists like Cornel West and Gary Flowers, the Executive Director of the Black Leadership Forum voiced their support for Bailey as well.