ALERT: Wells Fargo – Stop the Eviction of Bernetta Adolph!

acce.foreclosure.bernetta-adolphPlease take action:

  1. Contact Wells Fargo staff with the following phone and email message:

    • Brenda Wright, Senior VP of Community Relations, +1 415-623-7738
    • Alfredo Pedroza, Director of California Local Government Relations, +1 415-396-0829
    • Ruben Pulido, Communications Staff, +1 415-852-1279
    • John Stumpf, CEO, +1 866-878-5865

     
    Sample message:
     
    To: brenda.wright@wellsfargo.com, alfredo.pedroza@wellsfargo.com, ruben.pulido@wellsfargo.com, john.g.stumpf@wellsfargo.com
    Cc: action@occupybernal.org
    Subject: Stop the Eviction of Bernetta Adolph!

    Dear Wells Fargo staff,

    Please stop the eviction of Bernetta Adolph at 48 Lobos Street in San Francisco, loan # 44793073 and rescind the foreclosure sale to offer Bernetta a fair deal loan modification so she can remain in her home. Bernetta is a disabled senior and retired San Francisco city employee who was a victim of loan modification scammers. She made several attempts to negotiate a loan modification with Wells Fargo prior to Wells’ auction of her home.

    Sincerely,

    Your name here

  2. Protest on Saturday afternoon, February 23, at a Wells Fargo branch: success! see http://occupytheauctions.org/wordpress/?p=8416

  3. Mark your calendar: Protest on Wednesday, February 27, at a Wells Fargo branch, as part of a nationwide day of action (more details TBA soon)

  4. Mark your calendar: Protest on Saturday, March 2, at the home of Wells Fargo Senior Vice President of Community Relations Brenda Wright (Update: postponed because Wells Fargo considering stopping eviction and rescinding sale of Bernetta Adolph’s home)

    Together we can stop predatory banks and help our neighbors!

Background

Bernetta has made several attempts to work with Wells Fargo. After her initial loan modification continued to be unaffordable, Bernetta became the victim of a loan modification scammers who ensured her that they could stop the foreclosure auction of her home. During this time, Bernetta continued to try to reach Wells Fargo to secure another modification. Wells Fargo foreclosed on her home and plans to evict her soon after March 2, 2013. She is a disable senior and a retired San Francisco city employee.

As #1 in foreclosures in San Francisco, Wells Fargo is putting 32 families at risk of losing their homes due to foreclosure and related evictions. Wells Fargo is foreclosing on and evicting veterans and disabled and senior homeowners and families with children, as well as targeting homeowners with life-threatening illnesses. Wells Fargo has engaged in predatory, fraudulent, and racist lending practices and has contributed to a rash of foreclosure deaths.

Links: Stop the Foreclosures and Evictions of the “Wells 32”    Bernetta Testifying at San Francisco Employee Retirement System Meeting (fourth video)

For more info and updates: http://occupytheauctions.org/wordpress/?p=8384 or call Occupy Bernal at 415-483-9138.

Occupy Wells Fargo Branch in Excelsior Neighborhood of San Francisco

Foreclosure and Eviction Fighters and supporters from the Alliance of Californians for Community Empowerment (ACCE), Occupy Bernal, Occupy Noe, and other groups took over the Wells Fargo bank branch in San Francisco’s Excelsior neighborhood on February 23, 2013, to demand that Wells Fargo provide fair loan modifications to San Francisco homeowners facing foreclosures and to rescind foreclosure and evictions of homeowners and renters affected by Wells Fargo’s illegal, discriminatory, and predatory mortgage loan practices.

Thanks to Peter Menchini for the video below:

As #1 in foreclosures in San Francisco, Wells Fargo is putting 32 families at risk of losing their homes due to foreclosure and related evictions. Wells Fargo is foreclosing on and evicting veterans and disabled and senior homeowners and families with children, as well as targeting homeowners with life-threatening illnesses. Wells Fargo has engaged in predatory, fraudulent, and racist lending practices and has contributed to a rash of foreclosure deaths.

Links: Stop the Foreclosures and Evictions of the “Wells 32”

ALERT: Wells Fargo – Stop the Auction of Alberto Del Rio’s Home!

Update as of February 4: Auctioneer Thomas of Lender Processing Services / Agency Sales and Posting (LPS/ASAP) sold 565 Banks Street back to lender Wells Fargo for $581,017.


Update as of January 31: Wells Fargo has postponed the auction of Alberto and his family’s home until February 4. Please keep the calls and emails coming to get Wells Fargo to cancel the auction and offer the family a fair deal loan modification so they can remain in their home.


ob.foreclosure.albertoPlease take action:

  1. Contact Wells Fargo staff with the following phone and email message:

    • Brenda Wright, Senior VP of Community Relations, +1 415-623-7738
    • Alfredo Pedroza, Director of California Local Government Relations, +1 415-396-0829
    • Ruben Pulido, Communications Staff, +1 415-852-1279
    • John Stumpf, CEO, +1 866-878-5865

     
    Sample message:
     
    To: brenda.wright@wellsfargo.com, alfredo.pedroza@wellsfargo.com, ruben.pulido@wellsfargo.com, john.g.stumpf@wellsfargo.com
    Cc: action@occupybernal.org
    Subject: Stop the Auction of Alberto Del Rio’s Home!

    Dear Wells Fargo staff,

    Postpone the auction of Alberto Del Rio’s home at 565 Banks St., San Francisco, loan # 47339080 (owner’s name is Gloria Lomeli) and offer the family a fair deal loan modification so they can remain in their home.

    Sincerely,

    Your name here

  2. Protest on THURSDAY, January 31, 1:45pm at CITY HALL (Van Ness side)

    Together we can stop predatory banks and help our neighbors!

    In the past few months we’ve stalled/stopped dozens of home auctions.

Background

Alberto Del Rio is a Bernal Heights resident who grew up in his family home. He lives there with his wife and 3 kids. To help his mother have a decent retirement, the Del Rio family took equity out of the home and refinanced. But their loan from World Savings was a Pick-a-Payment loan. Lawsuits have found these sorts of loans to be predatory. World Savings sold the loan to Wachovia, which was then acquired by Wells Fargo. “Wells took advantage of me like they did so many other people. They promised us the moon,” says Alberto, who has been trying to get a loan modification since 2000. The bank has continually lost his paperwork, and refused to negotiate in good faith. The bank even advised him to stop making payments in order to qualify for a loan modification, which triggered the foreclosure process. Alberto has been working hard and succeeded in raising his income so he can qualify for a fair deal loan modification. Now, Wells Fargo is scheduled to auction his home on January 31. But we won’t let them.

As #1 in foreclosures in San Francisco, Wells Fargo is putting 29 families at risk of losing their homes due to foreclosure and related evictions. Wells Fargo is foreclosing on and evicting veterans and disabled and senior homeowners and families with children, as well as targeting homeowners with life-threatening illnesses. Wells Fargo has engaged in predatory, fraudulent, and racist lending practices and has contributed to a rash of foreclosure deaths.

Links: Stop the Foreclosures and Evictions of the “Wells 29”    Prior Auction Stopped (photos and videos)    Profile (old auction date)   

For more info and updates: http://occupytheauctions.org/wordpress/?p=8143 or call Occupy Bernal at 415-483-9138.

ALERT: Wells Fargo Stop Foreclosure of Reed Family and the “Wells 29”

Update: Wells Fargo has postponed the auction of the Reed’s home until February 26, 2013, but let’s keep the calls and emails coming to let them know that postponing isn’t enough: the Reed family needs a fair deal loan modification to remain in their home.


IMG_0901Please call/email Wells Fargo to stop the foreclosure auction of the home of Tuskegee Airman Benjamin Reed and his family on January 24, 2013:

  • Brenda Wright, SVP of Community Relations, +1 415-623-7738
  • Alfredo Pedroza, Director CA Gov’t Relations, +1 415-396-0829
  • Ruben Pulido, Comm. Staff, +1 415-852-1279
  • John Stumpf, CEO, +1 866-878-5865

Sample message:

To: brenda.wright@wellsfargo.com, alfredo.pedroza@wellsfargo.com, ruben.pulido@wellsfargo.com, john.g.stumpf@wellsfargo.com
Cc: action@occupytheauctions.org
Subject: Stop Foreclosure of Reed Family & “Wells 29”

Dear Wells Fargo staff,

Please take IMMEDIATE action to stop Wells Fargo’s January 24 foreclosure auction of 85-year-old disabled Tuskegee Airman Benjamin Reed and family at 2 Warren Drive in San Francisco. Please offer the family a fair deal loan modification to remain in their home and meet the demands listed for each of the 29 families who Wells Fargo has put at risk (see list sent by ACCE and Occupy Bernal).

Sincerely,

your name here

tuskegee-airmen

Action alert updates: http://occupytheauctions.org/wells

Dr. Martin Luther King Jr. Day of Service March & Call Rally on January 21, 2013

Update: Dozens of protestors mixed with revelers attending the Martin Luther King Jr Day at the Museum of the African Diaspora today asking Wells Fargo to stop the foreclosure auction of 90-year-old Tuskegee Airman Benjamin Reed and his family, as well as the 28 other families of the “Wells 29”. Please feel free to use the following photos and videos (hi-res available by clicking on the photos).

Tuskegee Airman Benjamin Reed

Tuskegee Airman Benjamin Reed

IMG_0901

Thanks to Larry Faulks for the last picture of the dream he told the chalk artist at MOAD.


What: Dr. Martin Luther King Jr. Day of Service March & Call Rally
When: 11:30 a.m. January 21, 2013
Where: Museum of African Diaspora, 685 Mission St. (@Third St.), San Francisco, 94105

STOP WELLS FARGO FORECLOSURES

ACCE / OCCUPY BERNAL / OCCUPY NOE ACTION

“No Home For You!”

tuskegee-airmen

Wells Fargo Bank Shoots Down Tuskegee Airman

What Would Martin Do?
Help Save Homes From Foreclosure!

Wells Fargo Bank settled with US Department of Justice on predatory and discriminatory loan practices for $175 million (including Bayview Branch).

  • Tell Wells Fargo to Stop Foreclosures & Evictions Now
  • Tell Wells Fargo to provide fair deal loan modifications Now
  • Tell Wells to Stop Throwing Pennies at The Arts To Look Good While Robbing Millions of Homes
  • Honor Dr. King! Call Wells Fargo Out Now- Tell Them to Save Tuskegee Airman Ben Reed’s Home & Other Homes! +1 415-623-7738 Brenda Wright, SVP Wells Fargo/MoAD Board, and +1 866-878-5865 John Stumpf, CEO

“Our needs are identical with labor’s needs: Decent wages, fair working conditions, livable housing, old-age security, health and welfare measures, conditions in which families can grow, have education for their children, and respect in the community.”

— Dr. Martin Luther King Jr.

For updates, including photos and videos of this action: http://occupytheauctions.org/wordpress/?p=7953

Occupy the Auctions on January 17, 2013, in San Francisco

On January 17, 2013, auctioneers sold one family’s home at a foreclosure auction in San Francisco: auctioneer Thomas of Lender Processing Services / Agency Sales and Posting (LPS/ASAP) sold 527 Van Ness Avenue #100 to auction investor Tammy Yau for $527,000 (lender Wells Fargo).

Auctioneer Thomas of Lender Processing Services / Agency Sales and Posting read postponements and cancellations.

Auctioneer Thomas of Lender Processing Services / Agency Sales and Posting preparing for auction.

Auctioneer Thomas of Lender Processing Services / Agency Sales and Posting (LPS/ASAP) began sale of 527 Van Ness Avenue #100 to auction investor Tammy Yau for $527,000 (lender Wells Fargo).

Auctioneer Thomas of Lender Processing Services / Agency Sales and Posting (LPS/ASAP) continued sale of 527 Van Ness Avenue #100 to auction investor Tammy Yau for $527,000 (lender Wells Fargo).

Auctioneer Thomas of Lender Processing Services / Agency Sales and Posting (LPS/ASAP) continued sale of 527 Van Ness Avenue #100 to auction investor Tammy Yau for $527,000 (lender Wells Fargo).

Auctioneer Thomas of Lender Processing Services / Agency Sales and Posting (LPS/ASAP) continued sale of 527 Van Ness Avenue #100 to auction investor Tammy Yau for $527,000 (lender Wells Fargo).

Auctioneer Thomas of Lender Processing Services / Agency Sales and Posting (LPS/ASAP) continued sale of 527 Van Ness Avenue #100 to auction investor Tammy Yau for $527,000 (lender Wells Fargo).

Auctioneer Thomas of Lender Processing Services / Agency Sales and Posting (LPS/ASAP) sold 527 Van Ness Avenue #100 to auction investor Tammy Yau for $527,000 (lender Wells Fargo).

ALERT: Wells Fargo Stop January 14 Auction of Brightman Home!

Update as of 10:30am on January 14, 2013: Despite the protests of Dr. Lehman Brightman’s son Quanah and supporters from the Native American community, Poor Magazine, the Alliance of Californians for Community Empowerment, Occupy Bernal, and others, Wells Fargo went ahead and sold off Dr. Lehman’s home at the foreclosure auction at the Concord Hilton. We’ll follow Quanah’s lead in deciding whether to continue the fight to save the family’s home.


Update: A representative has indicated that Wells Fargo intends to proceed with the foreclosure auction of Dr. Lehman Brightman’s home tomorrow morning. Please take a moment to call, email, sign the petition, and if you can make it to the Concord Hilton (Golden Gate Ballroom) tomorrow morning (J14) before 9am, join the protestors trying to stop the auction (see below).


Dad_Holding_His_Eagle_FeatherTake action to stop Wells Fargo from auctioning off Lehman Brightman and family’s home–

  1. Contact Wells Fargo staff with the following phone and email message:

    • Brenda Wright, Senior VP of Community Relations, +1 415-623-7738
    • Alfredo Pedroza, Director of California Local Government Relations, +1 415-396-0829
    • Ruben Pulido, Communications Staff, +1 415-852-1279
    • Tim Rector, President, +1 515-324-7870
    • John Stumpf, CEO, +1 866-878-5865

     
    Sample message:
     
    To: brenda.wright@wellsfargo.com, alfredo.pedroza@wellsfargo.com, ruben.pulido@wellsfargo.com, Timothy.P.Rector@wellsfargo.com, john.g.stumpf@wellsfargo.com
    Cc: action@occupybernal.org
    Subject: Stop the January 14 Foreclosure Auction of Lehman Brightman’s Home (loan# 0044126233)

    Dear Wells Fargo staff,

    Please take IMMEDIATE action to stop the January 14 foreclosure auction of Lehman Brightman and his family’s home at 2434 Faria Avenue (loan# 0044126233) in Pinole, California, and offer them a fair deal loan modification.

    Lehman Brightman, a Native American civil rights pioneer, is now 82 years old and had a stroke in 2011. The Brightman home serves not only as a shelter for the family, but as a resource center for the Native American civil rights movement.

    World Savings, a bank infamous for its discriminatory practices, had sold the Brightman family a predatory loan. Wells Fargo acquired World Savings’ loans and is refusing to work with Lehman Brightman’s sons on a fair deal loan modification to save the family home.

    Please also meet the demands for each of the 29 families who Wells Fargo has put at risk of foreclosure and eviction and stop dual tracking by continuing to list foreclosure auctions while negotiating loan modifications.

    Stop contributing to the rash of deaths by foreclosure! Stop the single-minded greedy focus on profit! Stop ignoring the health and well-being of your customers and the communities where we live! Take whatever action is necessary to keep distressed families in their homes!

    This is an URGENT request, so please respond right away.

    Sincerely,

    your name here

  2. Sign the petition at http://www.change.org/petitions/wells-fargo-bank-cal-western-reconveyance-corp-stop-the-foreclosure-of-dr-lehman-brightman-s-home


  3. Attend the protest to stop the foreclosure auction at 8:30am on Monday, January 14, at the Concord Hilton, 1970 Diamond Boulevard, Concord, CA 94520.

Background:

Video of Lehman Brightman’s son Quanah Brightman providing testimony at the San Francisco Employee Retirement System Retirement Board meeting on January 9, 2013:

Dr. Lehman Brightman was one of the founders of the Native American civil rights movement. He founded the first Native American Studies Program at the University of California at Berkeley and worked tirelessly for civil rights and to improve the educational opportunities and living conditions of Native Americans.

Wells Fargo is #1 in San Francisco foreclosures. San Francisco’s Mayor and Board of Supervisors have unanimously requested a halt to foreclosures and related evictions, especially since San Francisco Assessor-Recorder’s report showing that 84% of foreclosures have at least one legal violation and due to Wells’ $175 million settlement paid to resolve allegations of racial discrimination in providing mortgage loans in San Francisco’s Bayview-Hunters Point and other neighborhoods.

Wells Fargo’s “waterfall” model, along with similar policies from other lenders, ensures that the bank can squeeze the most money possible from homeowners struggling to make payments while finally discarding them like trash if the bank can’t make a profit on every single loan. Running a mortgage loan business means assuming risks, especially after receiving billions in bailout funds from the taxpayers, many of whom are Wells’ mortgage loan borrowers.


This alert brought to you by ACCE, Occupy Bernal, and other supportive organizations coordinated within the Occupy the Auctions and Evictions campaign.

Links: Wells 29 Action Alert    Wells 29 Action Flyer (four to page)    Wells Pays $175 Million to Resolve Allegations of Racial Discrimination in Providing Mortgage Loans    Occupy Our Homes Wells Fargo Bayview Branch Action    Occupy Wells Fargo Noe Branch    Occupy Wells Fargo HQ    Occupy Senior and Veteran Evictions and Foreclosures (Occupy Anniversary)    Upcoming Bank Auctions of Foreclosure/Eviction Fighter Homes    Foreclosure/Eviction Fighter Profiles

For updates and this action alert: http://occupytheauctions.org/wordpress/?p=7839

Action: SFERS, Please Stop Investing in Wells Fargo!

Update: ACCE, Occupy Bernal, and Occupy Noe Foreclosure and Eviction Fighters and supporters provided important testimony about the illegal, predatory, and discriminatory practices of banks like Wells Fargo, JP Morgan Chase, and Bank of America at the meeting of the San Francisco Employee Retirement System Retirement Board on January 9, 2013.

The group asked the Retirement Board to investigate the illegal, predatory, and discriminatory practices of the banks, to request that the banks stop these practices, to sponsor shareholder resolutions if they don’t stop, and to divest from the banks’ stocks if the shareholder resolutions do not succeed. Some of the Commissioners responded favorably to the public comment testimony.

Media coverage: San Francisco Business Times    KCBS (including audio segment)

Videos and photos:


01#1 in SF Foreclosures and Related Evictions: Racist and Predatory

Who: (Retired and Current) City Employees, especially those facing foreclosure/eviction and supporters
What: Public Comment at San Francisco Employees Retirement System (SFERS) Retirement Board Meeting (2 minute limit)
When: 2:00pm, Wednesday, January 9
Where: 30 Van Ness Avenue, 3rd floor (near Market Street)

We are asking SFERS to do the following:

  • Investigate investments in Wells Fargo, which is #1 in foreclosures and related evictions in San Francisco and elsewhere, as well as other lenders foreclosing on and evicting San Francisco homeowners..
  • Prepare and submit a Wells Fargo shareholder resolution to stop predatory and/or racist foreclosures and related evictions for consideration at the next annual Wells Fargo shareholder meeting (probably in April 2013).
  • If Wells Fargo doesn’t adopt the shareholder resolution at its next shareholder meeting and take immediate steps to implement policies and practices in line with the resolution, then divest from any investment in Wells Fargo within three months after that shareholder meeting.

We are asking San Francisco Mayor Lee to do the following:

  • Appoint only qualified candidates to the SFERS Retirement Board who are not executives or employees at Wells Fargo, JP Morgan Chase, or Bank of America (the top three in predatory foreclosures and related evictions in San Francisco).
  • Issue a statement in support of divestment from Wells Fargo of all San Francisco City and County funds, including employee retirement and disability funds.

Background:

The San Francisco Employee Retirement Systems (SFERS) handles investments for pension funds for current and retired San Francisco city employees. SFERS has policies that include “Social Investment Procedures” adopted at the SFERS Retirement Board meeting of September 27, 1988, which requires the SFERS Retirement Board when making investments in stocks, mutual funds, and so on, to consider:

“Community Relations: the relationship of the corporation to the communities in which it operates shall be maintained as a good corporate citizen through observing proper environmental standards, supporting the local economic, social and cultural climate, conducting acquisitions and reorganizations to minimize adverse effects and not discriminate in making loans or writing insurance.” (emphasis added by Occupy the Auctions)

Wells Fargo is #1 in San Francisco foreclosures. San Francisco’s Mayor and Board of Supervisors have unanimously requested a halt to foreclosures and related evictions, especially since San Francisco Assessor-Recorder’s report showing that 84% of foreclosures have at least one legal violation and due to Wells’ $175 million settlement with the United States Department of Justice paid in response to allegations of racial discrimination in providing mortgage loans in San Francisco’s Bayview-Hunters Point and other neighborhoods.

Wells Fargo’s “waterfall” model, along with similar policies from other lenders, ensures that the bank can squeeze the most money possible from homeowners struggling to make payments while finally discarding them like trash if the bank can’t make a profit on every single loan. Running a mortgage loan business means assuming risks, especially after receiving billions in bailout funds from the taxpayers, many of whom are Wells’ mortgage loan borrowers.

Wells Fargo is putting 29 families at risk of losing their homes due to foreclosure and related evictions during this holiday season. Wells Fargo is foreclosing on and evicting veterans and disabled and senior homeowners and families with children, as well as targeting homeowners with life-threatening illnesses. Wells Fargo has engaged in predatory, fraudulent, and racist lending practices and has contributed to a rash of foreclosure deaths.


This alert brought to you by ACCE, Occupy Bernal, and other supportive organizations coordinated within the Occupy the Auctions and Evictions campaign.

Links: Wells 29 Action Alert    Wells 29 Action Flyer (four to page)    Wells Pays $175 Million to Resolve Allegations of Racial Discrimination in Providing Mortgage Loans    Occupy Our Homes Wells Fargo Bayview Branch Action    Occupy Wells Fargo Noe Branch    Occupy Wells Fargo HQ    Occupy Senior and Veteran Evictions and Foreclosures (Occupy Anniversary)    Upcoming Bank Auctions of Foreclosure/Eviction Fighter Homes    Foreclosure/Eviction Fighter Profiles

For updates and this action alert: http://occupytheauctions.org/wordpress/?p=7719

25 Cameo Way: Home Protected by Occupy

The home of Larry Faulks at 25 Cameo Way in San Francisco is protected by Occupy.

Prospective buyers and realtors should be aware that Wells Fargo sold the property illegally at a foreclosure auction to DMG Asset Management, which then illegally evicted Larry from the home.

Realtors should provide buyers with full disclosure about the illegal foreclosure and eviction before showing the property to any potential buyer.

There are currently three federal agencies investigating the case, since Larry never received notice of the foreclosure sale from the trustee and only heard about it when an auction investor visited his home less than an hour before the foreclosure auction.

ALERT: Wells Fargo Stop Auction of Fairfield-Sweet Home!

Update as of 9:25am on January 4, 2013: Good news! Wells Fargo has postponed the auction of Peter and Linnea’s home until February 5. It wouldn’t hurt to keep calling and emailing about a fair deal loan modification for them and to get Wells to do the right thing for the rest of the “Wells 28“.


PLD.croppedTake action to stop Wells Fargo from auctioning off Peter Fairfield and Linnea Sweet’s home of 33 years–

  • Contact Wells Fargo staff with the following phone and email message:

    • Brenda Wright, Senior VP of Community Relations, +1 415-623-7738
    • Alfredo Pedroza, Director of California Local Government Relations, +1 415-396-0829
    • Ruben Pulido, Communications Staff, +1 415-852-1279
    • John Stumpf, CEO, +1 866-878-5865

     
    Sample message:
     
    To: brenda.wright@wellsfargo.com, alfredo.pedroza@wellsfargo.com, ruben.pulido@wellsfargo.com, john.g.stumpf@wellsfargo.com
    Cc: action@occupybernal.org
    Subject: Stop the January 4 Foreclosure Auction of Peter Fairfield and Linnea Sweet’s Home (loan# 1100225238)

    Dear Wells Fargo staff,

    Please take IMMEDIATE action to stop the January 4 foreclosure auction of Peter Fairfield and Linnea Sweet’s home at 831 Chenery Street (America’s Servicing Company loan# 1100225238) in San Francisco’s Glen Park neighborhood and offer them a fair deal loan modification.

    The Fairfield-Sweet family accessed their home equity to save their photography business with a predatory loan that a mortgage broker assured them they could refinance when payments skyrocketed. But that turned out to be false once the economic crisis set in. Now that their family business is secure, Peter and Linnea (who is disabled) are seeking to live out the rest of their senior years with a loan modification that has affordable payments so they can remain in their home.

    Please also meet the demands for each of the 28 families who Wells Fargo has put at risk of foreclosure and eviction and stop dual tracking by continuing to list foreclosure auctions while negotiating loan modifications.

    Stop contributing to the rash of deaths by foreclosure! Stop the single-minded greedy focus on profit! Stop ignoring the health and well-being of your customers and the communities where we live! Take whatever action is necessary to keep distressed families in their homes!

    This is an URGENT request, so please respond right away.

    Sincerely,

    your name here


Background:

When their photography business got dot-commed out of a SOMA office building with 30 days notice to vacate, Peter Fairfield and Linnea Sweet decided to access their home equity to save their main source of income. A mortgage loan broker convinced them that a sub-prime loan with escalating payments could easily be refinanced when the payments ballooned, so they thought their problems were solved. But the economic downturn made a refi impossible and Wells Fargo (America’s Servicing Company) foreclosed on their home of 33 years. Peter and Linnea are seeking a fair deal loan modification from Wells Fargo so that they and their dog Dagmar can remain in their home.

Wells Fargo is #1 in San Francisco foreclosures. San Francisco’s Mayor and Board of Supervisors have unanimously requested a halt to foreclosures and related evictions, especially since San Francisco Assessor-Recorder’s report showing that 84% of foreclosures have at least one legal violation and due to Wells’ $175 million settlement paid to resolve allegations of racial discrimination in providing mortgage loans in San Francisco’s Bayview-Hunters Point and other neighborhoods.

Wells Fargo’s “waterfall” model, along with similar policies from other lenders, ensures that the bank can squeeze the most money possible from homeowners struggling to make payments while finally discarding them like trash if the bank can’t make a profit on every single loan. Running a mortgage loan business means assuming risks, especially after receiving billions in bailout funds from the taxpayers, many of whom are Wells’ mortgage loan borrowers.


This alert brought to you by ACCE, Occupy Bernal, and other supportive organizations coordinated within the Occupy the Auctions and Evictions campaign.

Links: Wells 28 Action Alert    Wells 28 Action Flyer (four to page)    Wells Pays $175 Million to Resolve Allegations of Racial Discrimination in Providing Mortgage Loans    Occupy Our Homes Wells Fargo Bayview Branch Action    Occupy Wells Fargo Noe Branch    Occupy Wells Fargo HQ    Occupy Senior and Veteran Evictions and Foreclosures (Occupy Anniversary)    Upcoming Bank Auctions of Foreclosure/Eviction Fighter Homes    Foreclosure/Eviction Fighter Profiles

For updates and this action alert: http://occupytheauctions.org/wordpress/?p=7636

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