Business & Tech
Rose McGee Unable to Reach Settlement With Mortgage Companies
Tuesday's court hearing didn't lead to any loan modification agreement that would stop foreclosure the Golden Valley resident's home.
Golden Valley homeowner Rose McGee did not reach a settlement with her mortgage companies during a Hennepin County Court hearing Tuesday, KARE 11 reported.
McGee lost her job and has not made a mortgage payment for more than a year. She’s since been trying to work with Citimortgage and Fannie Mae to modify her loan terms and has filed a lawsuit to keep them from foreclosing on her home.
Her lawyer told the judge that the mortgage companies didn’t follow the procedures required under Minnesota law. The mortgage companies say she wants to live in the home for free.
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