ALERT: Wells Fargo, Stop the December 14 Holiday Foreclosure Auction of Allen Stowers

Update as of 10:49am on December 13, 2012: Success! Wells Fargo told Allen Stowers this morning that his foreclosure auction is cancelled. Thanks for your response to this alert… our calls and emails make a difference.

foreclosure.acce.allen-stowersForeclosure and Eviction Fighter Allen Stowers is an African-American filmmaker, journalist, and activist who is seeking to defend his childhood home from Wells Fargo’s predatory loan practices. Allen Stowers — one of the “Wells 27” families Wells Fargo has put at risk of foreclosure or eviction during the holidays — was raised in the Bernal Heights home purchased by his family in 1957. His demand is for Wells Fargo to stop the December 14 holiday foreclosure auction of his home and to offer him a fair deal loan modification.

“The current flow of misery and degradation inflicted by the banks’ rush to auction and foreclose on our communities and their cultural institutions is beyond alarming and is unacceptable,” said Dr. Amos Brown, San Francisco Chapter President and National Board Member of the NAACP.

Take action to stop Wells Fargo from foreclosing on Allen Stowers and the “Wells 27”–

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

    • Ryan Smaagard, Point of Contact, +1 877-218-4356 x20477
    • 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:
    Subject: Stop the December 14 Holiday Foreclosure Auction of Allen Stower (loan# 42836544)

    Dear Wells Fargo staff,

    Please take IMMEDIATE action to stop the December 14 holiday foreclosure auction of Allen Stower’s home at 669 Peralta Avenue (loan# 42836544) in San Francisco’s Bernal Heights neighborhood and offer him a fair deal loan modification.

    Please also meet the demands for each of the 27 families who Wells Fargo has put at risk during the holiday season and stop dual tracking by continuing to list foreclosure auctions while negotiating loan modifications.

    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.

    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.


    your name here

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

Links: Wells 27 Action Alert    Wells 27 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    Larry Faulks Profile    Larry Faulks Eviction Witness #1    Larry Faulks Eviction Witness #2    DMG Asset Management Profile    Occupy DMG Home Action    Occupy Wells Fargo Noe Branch    SF Chronicle Coverage    Bay Area Reporter Coverage    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:

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