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

Link: PDF (for printing)


ON FRIDAY, June 1, 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.

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. Now, Wells Fargo is scheduled to auction his home on June 1. But we won’t let them.

YOU CAN ALSO HELP BY CALLING WELLS FARGO’s CEO and STAFF right away in protest: Just say: “Postpone the auction of Alberto Del Rio’s home at 565 Banks St., San Francisco. Loan # 47339080.” Then tell them the above story. CallCEO John Stumpf (866-878-5865), director Alfredo Pedroza (415-396-0829), communications Ruben Pulido (415-852-1279), bank managers Eric Tang (415-977-9357) and Jason O’Hara (415-554-8820).

For more info or call 415-483-9138.

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