Yesterday, I was proud stand with San Francisco homeowners fighting for their homes in the midst of this foreclosure crisis like Monica Kenney, a neighbor of mine, whose home was sold from under her by Wells Fargo, even after she had reached a payment agreement with them. Her story is like many thousands of Americans who are dual-tracked by banks, they are foreclosed upon while there are working in good faith with their lenders to modify their home.
We were joined by a coalition of community organizations, like Occupy Bernal, the Tenants Union, and ACCE, to demand the suspension of foreclosure activities in the City and County of San Francisco until state and federal measures are in place to protect homeowners from unfair and unlawful actions by banks and mortgage companies.
At the Board meeting, I introduced resolution co-sponsored by Supervisors Campos, Chiu, Kim, Mar, and Olague to:
- Support the California Homeowners Bill of Rights measures at the state level
- Promote principal reduction and tenant rights at the Federal level
- Urge City officials and departments to protect homeowners and tenants from unlawful foreclosure fast-tracking practices
- Call on banks, especially Wells Fargo, to suspend foreclosure activities until protections from illegal foreclosures are in place for our residents.
I look forward to working with all of you to support our struggling families and to demand accountability from the banks and mortgage companies.
In the news…..
Bay Guardian coverage of foreclosure resolution