For decades, she was a nun with the Roman Catholic Dominican order. She was known as Sister Bernard Ellen and then left the religious life to care for her cancer-stricken mother. She later worked as a lay teacher in both Catholic and public schools, and bought a small house on the Southwest Side of Chicago.You'll find nothing about the bank's side of the dispute in the linked article. I'm sure there is more to this story than three missed payments. At least I'd like to think so. But it's hard to imagine any additional facts that would make the bank look good in this case.
Then she got sick and was hospitalized and in a nursing home for a time.
“I missed three payments,” the 76-year-old said. “When I was able, I sent the one back. Then I was going to send the second one back.”
She says the bank told her, “Don’t send us any more money because we’ll just send it back to you.”
Then came the foreclosure notice from Chase Bank and the order to vacate. It has not yet been enforced and the house has been sold to Freddie Mac, the federal mortgage agency.
Is this really why we bailed out the banks? So they can do stuff like this?
Too big to fail = too big to care?
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