Occupy Bernal Heights to "Auction" Home of Wells Fargo CEO
|Now foreclosures are coming back to bite him|
Activists claim they have no other choice but pay him a visit -- their dozens of messages to Stumpf have gone completely ignored, and Wells Fargo has refused to negotiate in good faith with Bernal residents to modify their home loans, despite clear evidence of "wrongdoing" by banks.
Readers might recall that a recent report commissioned by the city claimed that 84 percent of loan foreclosures contain multiple errors and violations, including felony crimes.
This reported only further motivated occupiers, who aside from Saturday's confrontation, will also demand the city impose a moratorium on home auctions, pending public investigations into bank wrongdoing.
Here's what they want from Wells Fargo:
- Stumpf to meet with the foreclosure victims -- now
- An immediate moratorium on foreclosures, until a plan is developed to save homes
- Wells Fargo to provide homeowners fair and affordable loan modifications with reductions in loan principals
According to Occupy Bernal, more than 80 homeowners are in foreclosure right now and "do not have the luxury of waiting while Wells Fargo continues to evict families illegally and sell their homes."
San Francisco foreclosures must stop now," the group said.