ALERT: Demand PennyMac Stop Holiday Eviction of Alice Smith and Five Children

Update: PennyMac sold Alice Smith’s home to an investment group that is helping her to remain in her home.


Update as of December 1, 2012: PennyMac staff have agreed to postpone the eviction of Alice Smith so that the bank can negotiate with her on reducing her home sale price for her. Please continue calling and emailing until PennyMac makes a fair offer.


Alice Smith is an incredible asset to our community. As a consistent caregiver for five special needs children, she has created a supportive and welcoming home.

Citigroup and PennyMac plan to evict her during the holiday season, currently scheduled for Wednesday, November 28.

Due to care funding cuts, retirement from a job outside the home, and a Vietnam veteran husband who cut off all contact and refused support due to PTSD, Alice’s income declined for awhile and she wasn’t able to make all her mortgage payments. However, she hung in there and provided consistent care for her children even during a period of financial trials and tribulations.

Since that time, her income has recovered so that she can afford a fair deal loan modification.

Let’s help her get PennyMac to either a) rescind eviction proceedings so Alice can obtain that fair deal loan modification from CitiMortgage and make payments to remain in her home with her five children, or b) sell her home to a supportive investment group at the fair price of $450,000, rather than the $510,000 PennyMac has negotiated so far, so that Alice can participate in an affordable buyback program so she and the children can remain in her home for the holidays and beyond.

Please take action to help Alice Smith and her five children stay in their home for the holidays–

1) Call and email PennyMac with the following message:

* Stanford Kurland, Chairman and CEO, +1 818-224-7442 (then type 1 for directory, then first three letters of last name, i.e. 587, then 1 to confirm)
* David Spector, Chief Investment Officer, +1 818-224-7442 (then type 1 for directory, then first three letters of last name, i.e. 773, then 1 to confirm)
* Christopher Oltmann, Director of Investor Relations, +1 818-746-2046 (leave voicemail) or +1 818-224-7028

Sample Email:

To: stanford.kurland@pnmac.com, david.spector@pnmac.com, chris.oltmann@pnmac.com, InvestorRelations@pnmac.com, denise.bounce@pnmac.com
Cc: action@occupytheauctions.org
Subject: Stop the Holiday Eviction of Alice Smith and Five Children

Please stop the holiday eviction of Alice Smith of 15 Le Conte Circle in San Francisco scheduled for Wednesday, November 28. She is a senior and an incredible asset to our community as a caregiver for five special needs children. Although she got behind on mortgage payments to CitiMortgage (loan #1000031156) when reductions in care reimbursements and other circumstances lowered her income, her income has recovered and she can afford to make payments on a fair mortgage loan. Please do the right thing and work with her to 1) stop Alice Smith’s eviction and either 2a) offer her (or make it possible for Citibank offer her) a fair, affordable loan modification, or 2b) sell her home to a supportive investment group at the fair price of $450,000, rather than the $510,000 PennyMac has negotiated so far, so that Alice can participate in an affordable buyback program and she and the children can remain in her home for the holidays and beyond.

Sincerely,

your name


(Note: Faces of the children cannot be shown because they are wards of the state.)

Links: Alice Smith Action Flyer (four per page)

For updates and this action alert: http://occupytheauctions.org/alice

Occupy the Auctions on November 27 in San Francisco

On the morning of November 27, 2012, Auction.com auctioneers sold three family’s homes at a foreclosure auction in San Francisco: 442 Carl Street sold to an unknown investor (lender Wells Fargo) and 1271 48th Avenue sold to an unknown investor (lender JP Morgan Chase Bank).

On the afternoon of November 27, 2012, auctioneers sold two family’s homes at a foreclosure auction in San Francisco: auctioneer Steve Neil of Cal Agent Services sold 161 Santa Rosa Avenue back to the lender Citibank and auctioneer Nick probably of FEI Services sold 52 Washburn Street to auction investor Joel Wardlaw for $861,100 (lender Wells Fargo Bank).

Auctioneer Steve Neil of Cal Agent Services read postponements and cancellations.

Auctioneer Steve Neil of Cal Agent Services sold 161 Santa Rosa Avenue back to the lender Citibank.

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

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

Auctioneer Nick probably of FEI Services began the sale of 52 Washburn Street to auction investor Joel Wardlaw for $861,100 (lender Wells Fargo Bank).

Auctioneer Nick probably of FEI Services continued the sale of 52 Washburn Street to auction investor Joel Wardlaw for $861,100 (lender Wells Fargo Bank).

Auctioneer Nick probably of FEI Services completed the sale of 52 Washburn Street to auction investor Joel Wardlaw for $861,100 (lender Wells Fargo Bank).

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

ALERT: Demand PennyMac Stop Eviction of Alice Smith

Update as of October 2: PennyMac is in negotiations with Alice Smith and has postponed the eviction of her and her five foster children for two weeks until October 17, so please hold off on any further calls and emails for now.


Alice Smith is an incredible asset to our community. As a consistent caregiver for five special needs children, she has created a supportive and welcoming home.

Now she faces eviction by Citigroup and PennyMac, with an eviction scheduled for Wednesday, October 3 (postponed).

Due to foster care funding cuts, retirement from a job outside the home, and a Vietnam veteran husband who cut off all contact and refused support due to PTSD, Alice’s income declined for awhile and she wasn’t able to make all her mortgage payments. However, she hung in there and provided consistent care for her foster children even during a period of financial trials and tribulations.

Since that time, her income has recovered so that she can afford a fair deal loan modification.

Let’s help her get PennyMac to rescind eviction proceedings so Alice can obtain that fair deal loan modification from CitiMortgage and make payments to remain in her home with her five foster children.

Please take action to help Alice Smith and her five foster children stay in their home–

1) Call and email PennyMac with the following message:

* Stanford Kurland, Chairman and CEO, +1 818-224-7442 (then type 1 for directory, then first three letters of last name, i.e. 587, then 1 to confirm)
* David Spector, Chief Investment Officer, +1 818-224-7442 (then type 1 for directory, then first three letters of last name, i.e. 773, then 1 to confirm)
* Christopher Oltmann, Director of Investor Relations, +1 818-746-2046 (leave voicemail) or +1 818-224-7028

Sample Email:
To: stanford.kurland@pnmac.com, david.spector@pnmac.com, chris.oltmann@pnmac.com, InvestorRelations@pnmac.com, denise.bounce@pnmac.com
Cc: action@occupytheauctions.org
Subject: Stop the Eviction of Alice Smith and Her Five Foster Children

Please stop the eviction of Alice Smith of 15 Le Conte Circle in San Francisco scheduled for Wednesday, October 3. She is a senior and an incredible asset to our community as a foster caregiver for five special needs foster children. Although she got behind on mortgage payments to CitiMortgage (loan #1000031156) when reductions in foster care reimbursements and other circumstances lowered her income, her income has recovered and she can afford to make payments on a fair mortgage loan. Please do the right thing and work with her to 1) stop Alice Smith’s eviction and 2) offer her (or make it possible for Citibank offer her) a fair, affordable loan modification.

Sincerely,

[your name]


(Note: Faces of the children cannot be shown because they are wards of the state.)

For updates and this action alert: http://occupytheauctions.org/wordpress/?p=4717

September 5 at the Auctions

On September 5, 2012, auctions sold two family’s homes in San Francisco: Cal Agent Services auctioneer Steve Neil sold 800 Dartmouth St. (lender JP Morgan Chase) to Thomas Redmond and Lender Processing Services/Agency Sales and Postings (LPS/ASAP) auctioneer Terry Redmon sold 206 Lisbon St. back to the bank, that is to Citimortgage, despite yelling and loud music in protest.

Foreclosure and Eviction Fighter Profile: Delmy and Jenny Ramos

Delmy and Jenny Ramos are residents of Ocean View.

They have an ARM loan from Citibank. They purchased their home in 2006. They missed three payments and then caught up. They had fallen behind because of other bills they needed to cover.

They applied for a loan modification, but Citibank denied the modification because of the amount owed. Citibank plans to auction off their home on June 14, 2012.

Demands:

  1. Loan modification.

Bank Management

Bank Management are people who have the power to make or influence decisions of the banks to evict our neighbors from their homes, foreclose on their homes, and/or sell their homes at foreclosure auctions due to predatory or for-profit mortgage loans.

Bank Conglomerates

Ally

Owner of bankrupt GMAC Mortgage home loan corporation. Headquarters in Detroit, Michigan.

Bank of America

Headquarters in Charlotte, North Carolina. Acquired Countrywide.

Citigroup

Headquarters in New York, New York.

Fannie Mae

The Federal National Mortgage Association, nicknamed “Fannie Mae”, is a government sponsored enterprise (GSE) designed to facilitate a secondary market, or “securitization” of mortgage loans. The U.S. government, specifically the Federal Housing Finance Agency (FHFA), took over Freddie Mac, along with Fannie Mae, on September 7, 2008, and the U.S. Treasury has pumped billions into purchases of Freddie Mac stock to prop up the enterprise. Headquarters in Washington, D.C..

  • Timothy J Mayopoulos, CEO, +1 202-752-7000 (and +1 877-753-0562?)

Freddie Mac

The Federal Home Loan Mortgage Corporation, nicknamed “Freddie Mac”, is a government sponsored enterprise (GSE) designed to facilitate a secondary market, or “securitization” of mortgage loans. The U.S. government, specifically the Federal Housing Finance Agency (FHFA), took over Freddie Mac, along with Fannie Mae, on September 7, 2008, and the U.S. Treasury has pumped billions into purchases of Freddie Mac stock to prop up the enterprise. Headquarters at 8000-8250 Jones Branch Drive in McLean, Virginia, tel. +1 800-424-5401. Website at www.freddiemac.com.

JP Morgan Chase

Headquarters in New York, New York, and biggest U.S. lender by assets.

Nationstar

Acquired Aurora mortgage loans. Fortress Investment Group owns 77% of Nationstar. Headquarters at 350 Highland Drive in Lewisville, Texas (outside Dallas). Tel: +1 469-549-2000. Web: www.nationstarmtg.com

PNC Bank

Headquarters in Pittsburgh, Pennsylvania.

  • James E. Rohr, CEO, +1 412-762-2294 (may transfer to Executive Complaint Office voicemail) or 412-963-6133 (home), james.e.rohr@pnc.com or james.rohr@pnc.com
  • William Demchak, President, at +1 917-348-1173 (cell)
  • Thomas Hyland, Senior Vice President, at +1 212-527-3938
  • Frederick Solomon, Vice President of Corporate Communications, at +1 412-762-7544

Select Portfolio Servicing

Wells Fargo

Headquarters in San Francisco, California. Largest U.S. mortgage servicer and lender. Acquired America’s Servicing Company, Wachovia, and World Savings.

Links: Wells Fargo Loan Modification Policies (internal documents)    “Responsible Lending” Practices    “Help” for Homeowners

  • John Stumpf, CEO, +1 866-878-5865 or for America’s Servicing use +1 301-815-3510, john.g.stumpf@wellsfargo.com
  • Board of Directors, BoardCommunications@wellsfargo.com:
    • John D. Baker II, Exec. Chairman, Director of Patriot Transportation Holding, Address 1:, 192 Sea Hammock Way, Ponte Vedra Beach, FL 32082, +1 (904) 543-8196, and Address 2:, 501 Riverside Ave, Jacksonville, FL 32202. Company contact info: Patriot Transportation Holding, Inc, 501 Riverside Ave., Ste 500, Jacksonville, FL 32202, +1 (877) 704-1776, jmilton@patriottrans.com
    • Elaine Chao, 217 C St NE, Washington, DC 20002, +1 (202) 543-7063 or +1 (202) 543-7063, At Heritage Foundation:. Email: staff@heritage.org with Subject line: “To Elaine Chao”, Media information line: +1 (
202) 675-1761
    • John Chen, CEO of Sybase (locally based), Sybase contact info: Sybase iAnywhere, A subsidiary of Sybase
, One Sybase Drive
Dublin, CA 94568, 
Phone: +1 (519) 883-6898, 
Toll Free: 1-800-SYBASE5 (792.2735)
, Email: contact_us@ianywhere.com, jchen@sybase.com?, John.chen@sybase.com?
    • Lloyd H. Dean, CEO of Dignity Health, formerly Catholic Healthcare West,
      CHW info: 185 Berry Street, Suite 300, San Francisco, CA 94107, +1 (415) 438-5500, Contact form: http://www.chwhealth.org/Who_We_Are/Contact_Us/index.htm, @dignityhealth.com?
    • Susan E. Engel, CEO, Portero, Inc, Portero contact info: 28 Kaysal Court, Suite 1, Armonk, NY 10504-1378, United States, Phone: +1 (914) 730-0208, www.portero.com
    • 120 75th St, New York, NY 10021, (952) 824-6438, (212) 734-1449
    • Enrique Hernandez, Jr., Chairman, CEO of Inter-Con Security Systems, Inc.
    • Donald M. James, Chairman, CEO of Vulcan Materials Company, +1 (205) 298-3000, jamesd@vmcmail.com?
    • Mackey J. McDonald. Retired Chairman, VF Corporation
    • Nicholas G. Moore, Retired Global Chairmam of Pricewaterhouse Coopers
    • Federico F. Peña, Senior Advisor, Vestar Capital Partners, Seventeenth Street Plaza, 1225 17th Stre
      et, Suite 1660, Denver, CO 80202, +1 (303) 292-6300
    • Philip J. Quigley, Retired Chairman, President, CEO, of Pacific Telesis Group
    • Judith M. Runstad, Of Counsel, Foster Pepper PLLC, 206-447-8897 (Seattle), runsj@foster.com
    • Stephen W. Sanger, Retired Chairman of General Mills, Inc.
    • Susan G. Swenson, Retired President and CEO of Sage Software, Inc.
  • Patricia Callahan, Senior Executive Vice President, Chief Administrative Officer, +1 800-869-3557, Pat.Callahan@wellsfargo.com
  • Avid Modjtabai, Senior Executive Vice President, Consumer Lending, +1 800-869-3557, Avid.Modjtabai@wellsfargo.com
  • James Strother, Senior Executive Vice President, General Counsel Legal Group, +1 415-396-1793, James.Strother@wellsfargo.com
  • Ruben Pulido, Asst. Vice President, Communications, ruben.pulido@wellsfargo.com
  • Diana Stauffer, Senior VP Regional Servicing Director, +1 (925) 552-4347 (disconnected), diana.stauffer@wellsfargo.com (email undeliverable)
  • Tom Goyda, spokesperson
  • Alfredo Pedroza, Director California Local Government Relations, 415-396-0829, alfredo.pedroza@wellsfargo.com

Links: Add Bank Management to List

Auctions Report for March 24, 2012

Here is a San Francisco foreclosure auctions report with data as of March 24, 2012.

Properties scheduled for foreclosure auction: 613 (down from 615 last week)

# of auctions by sale date (may vary slightly due to small numbers of misfiled or misidentified lenders in data set):

# of auctions by property type (may vary slightly due to small numbers of misfiled or misidentified lenders in data set):

Percentage of auctions for top lenders (may vary slightly due to small numbers of misfiled or misidentified lenders in data set):

Percentage of auctions for top trustees (may vary slightly due to small numbers of misfiled or misidentified trustees in data set):

Source: Data aggregated from Foreclosure Radar.