This weekend, San Francisco families are planning to descend on the front steps of Wells Fargo CEO John Stumpf's home to deliver a foreclosure notice of their own, and stage a mock auction to show the wealthy financier the same kind of humiliating treatment that local families have experienced, thanks to big banks.
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:
Bernal
, more than 80 homeowners are in foreclosure right now and "do not have the luxury of waiting whileWells Fargo continues to evict families illegally and sell their homes." Follow us on Twitter at @TheSnitchSF and @SFWeekly
San Francisco foreclosures must stop now," the group said.
