Loan Servicer Agrees To Modify Mortgage On Texas Widow's Home In Foreclosure After Story Hits TV

In The Colony, Texas, WFAA-TV Channel 8 reports:

• After losing her husband of 47 years, Virginia Fraser was on the verge of losing her home in the foreclosure crisis. But thanks to kindly intervention, her story has changed. Last spring, Fraser was $7,000 behind in house payments and facing foreclosure. Her deceased Vietnam veteran husband had handled the family's finances.

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• Her fortune began to change when attorney Richard Anderson got a call for help from a priest at Holy Cross Church. "I stopped the foreclosure in December," Anderson said. "It was set again for January and February; I got it stopped again." The mortgage holder, Wells Fargo, had just received a $25 billion bailout. Anderson said once the story got on television last spring, they agreed to help Fraser. [...] Attorney Anderson was able to deliver the news to Fraser that her house payments will go from $1,500 a month to $423.

For the story, see Widow's home saved from foreclosure in The Colony.

See also, The Colony Courier-Leader: Knights ride to rescue veteran’s widow.