Occupy Fights Foreclosures is launching a series of new campaigns against a major fraudulent bank, Wells Fargo.
ACTION-1: First, we call for every Wells Fargo account holder's participation to move their money out of Wells Fargo into a local community bank or credit union from June 22nd, 2013 and on. This does not only punish Wells Fargo for fraudulently foreclosing tens of thousands of homeowners in California and nationwide but also pressure Wells Fargo to work with homeowners:
WHY?: This is supposed to be Kamala Harris' job as the California State Attorney General. Yet, when she ignores people's cry for justice, we the people have to do it in the love of our brothers and sisters. Find out more details here: http://www.occupyfightsforeclosures.org/pledge_to_move_money_out_of_wells_fargo
ACTION-2: Also, we are going to protest and march on Saturday, June 22nd, 2013 in Hollywood where this cause will receive the highest amount of exposure in Los Angeles. Find out more action details here: http://www.occupyfightsforeclosures.org/j22_march_against_wells_fargo
This is a new beginning. Please share far and wide! We look forward to see you all there!
featured in the press: Foreclosure's Harvest of Shame (by Huffington Post)
Institutional mortgage juggling leads to disabled Altadena woman’s eviction
Originally posted on Pasadena Weekley on June 5th, 2013
In spring 2003, Harolyn Rhue, then employed as an administrative assistant at Bank of America, was ready to sell her condo in Altadena. A rambling three-bedroom ranch-style home near the foothills was offered in a probate sale so Rhue made a $100,000 down payment and, though troubled by its terms, took a World Savings mortgage arranged by her broker for the balance.
But last week, around her tenth anniversary there and after several years of seeking loan modifications from Wells Fargo Home Mortgage — which absorbed World Savings’ assets when it acquired Wachovia Bank in 2008 — Rhue was kicked out of her home.
QUOTE FROM A WELLS FARGO REPRESENTATIVE REGARDING THE PROTEST ACTION OF MAY 1ST:
“We understand they have a right to protest and we also hope that they understand that our customers have a right to come into our branch to do business. We are hoping that they respect the right of our customers to come in and do that. Wells Fargo is committed to keeping borrowers in their homes. We work toward that end with borrowers every day, since 2009 we’ve been able to save numerous amount of borrowers, in fact we have written 841,000 modifications. And we have provided 6.3 billion dollars to lower principle amounts, that’s with a “B”, billion dollars of principle forgiveness.”
Words adapted from the movie: My Fair Lady – “Show me” by Alan Jay Lerner and Frederick Loewe
SHOW ME! ♬
Words! Words! I'm so sick of words!
I get words all day through;
First from them, now from you! Is that all you blighters can do?
Don't talk of mods, reductions in price; If you do right,
Show me! Tell me no dreams
Filled with more lies. Lowered principle price,
Show me! Here we are together, in the middle of this blight!
You behind the line! Telling us lies!
Everyone who’s been in a liar loan will tell you that
This is no time for a chat!
Haven't your lips
Longed for the truth? Don't say how much,
Show me! Show me! Don't talk of all the good you have done.
Make me no undying vow. Show me NOW!
Like the song says – show us. Words are easy and we have had many years of words. Words are easy to say and statistics are easy to make up. 90% of the population knows that! (see what I mean?).
So where is that 6.3 billion dollars committed to lower principles? Someone ought to tell Eric Schneiderman, because he is planning on going after Wells Fargo and Bank of America for violations of the 25 billion dollar national mortgage settlement deal.1
Perhaps Wells Fargo’s representative was referring to the 175 million paid out for predatory lending allegations.2 Or maybe the principle reductions he was referring to have something to do with the bias lawsuit Wells Fargo settled for $425,000,000, in Memphis and surrounding Shelby Country, TN.3
In a recent article, Whistleblower: Wells Fargo fabricated mortgage documents on a mass basis, It is cited that:
“Over the last two and a half years, Wells Fargo, like most of the major mortgage servicers, claimed that it had a “rigorous system” to insure that mortgage documents were accurate and complete. The reason this mattered was that there was significant evidence to the contrary. Foreclosure defense attorneys found repeatedly that, for securitized mortgages, the servicer or foreclosure mill attorney would present documents to the court that failed to show the borrower’s note (a promissory note) had been transferred properly to the trust. This mattered not only on a borrower level, but indicated that originators of the mortgage securitizations hadn’t bothered transferring the notes properly to the trusts that were to hold them. This raised the ugly specter of what was called “securitization fail,” that investors had been sold securities that they had been told were mortgage backed when they might in practice not be.” Read more at http://www.nakedcapitalism.com/2013/03/whistleblower-wells-fargo-fabricated-mortgage-documents-on-a-mass-basis.html#6jG8bmxXS2lCm8KF.99”
These fabricated documents were not fabricated so that Wells Fargo could write modifications, these documents were fabricated so that Wells Fargo could foreclosure on the homes of families.
Wells Fargo was singled out because the bank is "responsible for handling more delinquent loans than any other servicer."4
If Larry Delassus heart hadn’t stopped while sitting in a court room fighting for the home that Wells Fargo had foreclosed upon, we could have asked him about how willing Wells Fargo was to work with borrowers.
“Delassus and his attorney did not discover until May 2010 that a mis-entered number had dragged Delassus into this spiral. As court documents obtained by L.A. Weekly show, after admitting its error, Wells Fargo foreclosed on Delassus anyway and sold his condo.”5
According to the Consumer Financial Protection Bureau, Wells Fargo was #2 of the most complained about lenders. Bank of America still first, (because they took over Countrywide (Who can do what no one else can) Home loans) holding place at #1.6
Ask Harolyn Rhue, a disabled woman who has lived in her home for over 9-years about how hard Wells Fargo is working to keep her in her home. She had $175,000 in equity. Wells Fargo put her through the duo tracking modification scam and brought her out the other side to foreclosure. While she is still currently in her home, and the Independent Foreclosure Review Committee has sent her a check for $2000 for wrongful foreclosure, Wells Fargo still refuses to do anything that will help her stay in her home. Where is the principle forgiveness for Ms. Rhue? Where is the “every effort to help her stay in her home?
Can we forget about the Rosseau’s? A couple who paid their mortgage with a cashier’s check that was lost by Wells Fargo Bank. Wells Fargo foreclosed, the couple offered to pay the penalties and charges (even though it was not their error). Wells Fargo foreclosed anyway. The husband committed suicide. The suicide is technically not Wells Fargo’s fault…but the foreclosure leading up to it…is.7
Then later, we have the eviction of a terminally ill woman, Niko Black, who, on the morning of October 10th, had her door kicked open by the Orange County Sheriff’s Department at the request of Wells Fargo in spite of a Federal Court Order forbidding such action.
Ms. Black had to drag herself to her wheel chair and the sheriff’s wheeled her out onto the sidewalk, not even allowing her to go back in and get her much needed medication.
Fraudulent paperwork was used to foreclose on her home. She did not even have a mortgage with Wells Fargo!
Then there is Richard Castaldo, a young man who fought for his life 13 years ago at Columbine High School. Occupy Fight Foreclosure reached out to the CEO of Wells Fargo to negotiate a way to save Richard’s home. The office of the CEO told them that they would try to work something out, the next day they sold Richard’s condo to an investor.
Wait…let’s do just one more…from May of last year – Patricia Martin, a 73 year old widow, remember her, Wells Fargo? You foreclosed on her home of 43 years because of a late charge of $104.23. Wells Fargo spent well over $50,000 booting her out of her home, when she wasn’t even late on her payment and didn’t even ask for a modification.8
Now what was it the Wells Fargo representative said again, “Wells Fargo is committed to keeping borrowers in their homes.”
So, we’re thinking, Wells Fargo has another opportunity to give life to their words, and work with Harolyn Rhue. Harolyn Rhue, a handicap woman who has been taken advantage of due to an injury to her brain several years ago. She believed she was signing for a 30-year fixed rate, but was given a teaser rate instead. Nevertheless, she did her best to make payments on time, until she sought out a modification. On the advice of Wells Fargo, she withheld payment while she awaited her modification. (Does this story sound familiar yet?)
NACA has already worked out a program that would keep Harolyn Rhue in her home, but Wells Fargo refuses to budge. So our question is…Is Wells Fargo really committed to keeping borrowers in their home?
Then……“Don't talk of all the good you have done.
Make us no undying vow.
SHOW US NOW!”
“The most elementary conceptions of justice and public policy require that the wrongdoer shall bear the risk of the uncertainty which his own wrong has created”. See, Bigelow v. RKO Radio Pictures, Inc., 327 US 251 - Supreme Court (1946), See Package Closure Corp. v. Sealright Co., 141 F.2d 972, 979. That principle is an ancient one, Armory v. Delamirie, 1 Strange 505
Contact: Carlos Marroquin 323-592-4663
List of Citation:
*Update: Popstponed until this Sunday April 14th, 2013
Occupy Fights Foreclosures to occupy and defend Ms. Harolyn Rhue's home from pending eviction. Ms. Harolyn Rhue's is a disabled woman who survived a traffic accident when a drunk driver run a red light. She managed to pick herself up, went to school and got a Masters degree. After much sacrifices, she bought a home, worked for a bank, and designed clothing for disabled people.
nfortunately, she was taken advantage of her disabilities and was given a predatory loan. Wells Fargo has refused to work with her after her payments kept going up.
Ms. Rhue always did the right thing and paid her mortgage on time. When the payments got higher, she notified Wells Fargo and asked over 10 times for a loan modification.
In august of last year while awaiting for a review of her loan modification, Wells Fargo sold her home behind her back to an investor and now she is facing eviction.
Wells Fargo refuses to take responsibility for what they did to Ms. Rhue. She now has turned to Occupy Fights Foreclosures to help her fight Wells Fargo’s wrongful foreclosure and pending eviction.
This Friday at 5 p.m., Occupy Fights Foreclosures activists, community groups, church members from different religious groups and concerned citizens will join in the fight and mobilize to defend her home.
The occupation of Ms. Harolyn Rhue’s home will serve as the kick-off campaign against Wells Fargo. Groups around the nation are offering their support and will join us in organizing national actions that will remind Wells Fargo that they need to stop hurting hard-working American people.
Harolyn’s story is a mirror of countless other homeowners that have been victimized by their bank’s greedy side.
If you would like to help Harolyn's caseb please call us at (323) 592-4663
* We are having an emergency meeting on Wednesday at 7 p.m. about this action. More details will follow.
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