Occupy the Auctions on January 30, 2013, in San Francisco

On the morning of January 30, 2013, Auction.com auctioneers sold two family’s homes at the foreclosure auction in San Francisco: an Auction.com auctioneer sold 324 Collingwood Street to auction investor Kester Wise for $1,140,700 (lender THE BANK OF NEW YORK TRUST CO) and an Auction.com auctioneer sold 355 1st Street #S1010 to auction investor Guillermo Loyola-Frias (aka Memo) for $525,600 (lender THE BANK OF NEW YORK TRUST CO).

An Auction.com auctioneer reads postponements and cancellations.

An Auction.com auctioneer refuses to stop auctioneering on City Hall steps, so I go into City Hall to ask a Sheriff’s deputy to tell the auctioneer the building policy.

Auction.com auctioneers sold 324 Collingwood Street to auction investor Kester Wise for $1,140,700 (lender THE BANK OF NEW YORK TRUST CO).

Auction.com auctioneers began sale of 355 1st Street #S1010 to auction investor Guillermo Loyola-Frias (aka Memo) for $525,600 (lender THE BANK OF NEW YORK TRUST CO).

Auction.com auctioneers continued sale of 355 1st Street #S1010 to auction investor Guillermo Loyola-Frias (aka Memo) for $525,600 (lender THE BANK OF NEW YORK TRUST CO).

Auction.com auctioneers continued sale of 355 1st Street #S1010 to auction investor Guillermo Loyola-Frias (aka Memo) for $525,600 (lender THE BANK OF NEW YORK TRUST CO).

Auction.com auctioneers continued sale of 355 1st Street #S1010 to auction investor Guillermo Loyola-Frias (aka Memo) for $525,600 (lender THE BANK OF NEW YORK TRUST CO).

Auction.com auctioneers continued sale of 355 1st Street #S1010 to auction investor Guillermo Loyola-Frias (aka Memo) for $525,600 (lender THE BANK OF NEW YORK TRUST CO).

Auction.com auctioneers sold 355 1st Street #S1010 to auction investor Guillermo Loyola-Frias (aka Memo) for $525,600 (lender THE BANK OF NEW YORK TRUST CO).

An Auction.com auctioneer read another postponement.

On the afternoon of January 30, 2013, auctioneers didn’t sell any family’s homes at the foreclosure auction in San Francisco.

Auctioneer Steve Neil of Cal Agent Services read postponements and cancellations. Auctioneer Thomas of Lender Processing Services / Agency Sales and Posting (LPS/ASAP) read postponements and cancellations.

Auction.com auctioneer read postponements.

Auction.com auctioneer read cancellations.

Auctioneer Thomas of Lender Processing Services / Agency Sales and Posting (LPS/ASAP) read another postponement.

Occupy the Auctions on December 20 in San Francisco

On December 20, 2012, auctioneers didn’t sell any family’s homes at the foreclosure auction in San Francisco.

Auctioneer Andrew Zheng of Cal Agent Services read postponements and cancellations.

Auctioneer Thomas of Lender Processing Services / Agency Sales and Postings (LPS/ASAP) read postponements and cancellations.

Auction.com auctioneer read disclaimer (partial video).

Auction.com auctioneer read postponements and cancellations.

Occupy the Auctions on November 29 in San Francisco

On November 29, 2012, auctioneers sold two family’s homes at a foreclosure auction in San Francisco: auctioneer Thomas from Lender Processing Services / Agency Sales and Posting (LPS/ASAP) sold 1034 Hollister Avenue to lender THE BANK OF NEW YORK TRUST CO and auctioneer Nick probably of FEI Services sold 1615 Wallace Avenue to Raymond Grinsell for $285,000. (unknown lender).

Auctioneer Thomas from Lender Processing Services / Agency Sales and Posting (LPS/ASAP) read postponements and cancellations.

Auctioneer Thomas from Lender Processing Services / Agency Sales and Posting (LPS/ASAP) sold 1034 Hollister Avenue to lender THE BANK OF NEW YORK TRUST CO. Auctioneer Nick probably of FEI Services began sale of 1615 Wallace Avenue to Raymond Grinsell (unknown lender).

Auctioneer Nick probably of FEI Services sold 1615 Wallace Avenue to Raymond Grinsell for $285,000 (unknown lender). Auctioneer Steve Neil of Cal Agent Services read postponements and cancellations.

Dear Wells Fargo, Thanks for All the Foreclosures!

Wells Fargo Bank remains #1 in foreclosures in San Francisco with more than double the foreclosure auctions (92 auctions) scheduled than #2 forecloser JP Morgan Chase (44 auctions) and #3 forecloser Bank of America (43 auctions) to sell off family’s homes this holiday season.

One indicator of trends in foreclosures is the situation with bank preforeclosures (properties in default with no foreclosure auction date yet set). Wells Fargo is #1 in San Francisco in preforeclosures (77 homes) with JP Morgan Chase at #2 (54 homes) and Bank of America #3 (24 homes).

For current bank-owned (REO) properties in San Francisco since July 25, 2012, JP Morgan Chase is #1 in San Francisco REOs (11 properties), Wells Fargo is #2 (9 properties), and Bank of America and US Bank are tied for #3 (7 properties each).

Top Ten Data

The top 10 lenders by number of foreclosure auctions scheduled in San Francisco as of November 17, 2012 (source Foreclosure Radar, aggregated by corporate empire):

Rank Lender Auctions Scheduled
1 WELLS FARGO BANK N A 92
2 JP MORGAN CHASE BANK N A 44
3 BANK OF AMERICA N A 43
4 THE BANK OF NEW YORK TRUST CO 31
5 US BANK NATIONAL ASSOCIATION 28
6 NATIONSTAR 16
7 DEUTSCHE BK NATL TRUST CO TR 11
8 CITIBANK N A 10
9 HSBC BANK USA N A 8
10 (tie) OCWEN LOAN SERVICING LLC 5
10 (tie) MORTGAGE ELECTRONIC REGISTRATION 5

The top 10 lenders by number of foreclosure auctions scheduled in San Francisco as of November 17, 2012 (source Foreclosure Radar, aggregated by corporate empire):

Rank Lender Auctions Scheduled
1 WELLS FARGO BANK N A 77
2 JP MORGAN CHASE BANK N A 54
3 BANK OF AMERICA N A 24
4 DEUTSCHE BK NATL TRUST CO TR 18
5 US BANK NATIONAL ASSOCIATION 16
6 THE BANK OF NEW YORK TRUST CO 15
7 CITIMORTGAGE 10
8 (tie) EAST-WEST BANK 10
8 (tie) ONEWEST BANK FSB 6
9 OCWEN LOAN SERVICING LLC 5

The top 10 lenders by number of bank-owned properties in San Francisco as from July 25, 2012, to November 17, 2012 (source Foreclosure Radar, aggregated by corporate empire):

Rank Lender Auctions Scheduled
1 JP MORGAN CHASE BANK N A 11
2 WELLS FARGO BANK N A 9
3 (tie) US BANK NATIONAL ASSOCIATION 7
3 (tie) BANK OF AMERICA N A 7
4 (tie) NATIONSTAR 4
4 (tie) CITIBANK N A 4
5 DEUTSCHE BK NATL TRUST CO TR 3
6 (tie) ING BANK, FSB 2
6 (tie) ONEWEST BANK FSB 2
6 (tie) THE BANK OF NEW YORK TRUST CO 2
6 (tie) VERICREST FINANCIAL, INC 2

Foreclosure and Eviction Fighter Profile: Joseph Melton

Joseph Melton is a long-time resident of the Bayview, a veteran, a disabled person, and a senior.

He reports that a loan modification scam on his Bank of America / NY Mellon loan for his family home made him the victim of loan modification scam. Bank of America auctioned off his home on August 29, 2011, and they claim the current owner is Bank of New York (Series 2007-21CB TR). They plan to evict him from his home.