Certified Forensic Loan Auditors, LLC

 
  Upcoming Classes

Search CFLA's Article Archive:

Families Protest Abusive Foreclosure Practices of Wells Fargo Bank

la.indymedia.org | April 26, 2015

By Jessica Lux

WHITTIER, CA—Shortly before noon on Saturday morning, a parade of families in “Occupy Fights Foreclosures” and “No to Housing Crime” t-shirts marched down Whittier Blvd.

As the first few homeowner advocates entered the busy East Los Angeles branch of Wells Fargo, security blocked the path of the procession. Livestreamer Patti Beers (@PMBeers) deftly stepped to the side of the first person blocked by security and entered the lobby to film the occupation.

Carlos Marroquin of Occupy Fights Foreclosures entered the lobby with a polite request, “May we speak to the manager, please? We need to speak to the manager.”

To the branch manager, he explained, “We have some homeowners that are being foreclosed by you guys. We are here to demand that the bank full open up a full investigation into their cases. We have a couple of letters we would like you to forward to headquarters, is that ok?”

“Yes, of course,” responded the branch manager.

Security locked the front doors of the bank as the noise of tribal drumming completely overwhelmed the acoustics of the bank lobby. The native dancers of Danza Azteca could be heard on the sidewalk outside, along with dozens of other families and homeowner advocates chanting, “Stop foreclosures in East L.A.!”

While waiting for the manager to forward the letters to headquarters, homeowner advocate Carlos Marroquin announced, “We are asking for fairness. We are asking for Wells Fargo to deal with homeowners in good faith, not to tell you one thing and then do something different behind their backs.”

“Some of these families are facing foreclosure because Wells Fargo tricked them into a loan modification, promised they would work with them, and then they sold off their homes behind their backs,” he continued.

“Second, Wells Fargo foreclosures continue to hurt the community. Here in LA., we have more foreclosures and more people going homeless than we ever have had before. We have people out there in the streets sleeping in their cars because Wells Fargo’s practices have added to the problem that already exists here in L.A. with homelessness.”

Next, Carlos introduced a woman currently suffering the abusive practices of this big bank. “We have a homeowner here. She’s facing eviction because Wells Fargo led her to believe that they were going to give her a loan modification. When she found out Wells Fargo was going to sell her home, she gathered all the money, she borrowed money, she did whatever she could, to be able to satisfy the late penalties and the payments that Wells Fargo had instructed her to do. Wells Fargo refused to take the money from the homeowner and went ahead and foreclosed on her. That is a great violation of the Homeowners Bill of Rights because she was under the loan modification process. Now she’s facing eviction.”

California’s Homeowner Bill of Rights, effective as of January 2013, prohibits mortgage lenders from negotiating loan modifications while pursuing foreclosure proceedings (otherwise known as “dual-track foreclosures"). The law also guarantees that borrowers have a single point of contact for loan modification negotiation.

Signs carried by the several activists in the lobby bore messages such as “Hell Fargo,” “Bank of Thieves,” “End the Fraud,” and “Wells Fargo Embargos.”

“Wells Fargo is known for their abuses,” declared Carlos. “This message is for John Stumpf. I hope that he understands that he’s hurting families, he’s hurting our children, he’s hurting seniors. He needs to stand up and do the right thing. Wells Fargo has made record profits on the backs of the American people.”

The National Mortgage Settlement of 2012 benefited the banks and the government, not the people. Banks received immunity from prosecution, and the government received a cash infusion for neglecting to pursue justice against the banksters who gambled with the national economy. As Carlos explained in the lobby of Wells Fargo, “Settling with the banks and the Department of Justice is not enough, because those settlements never reached the people. We want to make sure any settlements go directly to the victims, not to benefit the banks against short sales, or any other way they say they are helping the families. The fact is they are not helping the families.”

Outside the Whittier Wells Fargo, Danza Azteca energized the crowd with their rhythmic music and dance. Nowhere Man, stalwart supporter of Occupy Wall Street, Occupy Los Angeles, and Occupy Fights Foreclosures, silently encouraged the crowd to “Imagine Fairness” as he walked the sidewalk along Whittier Blvd. A gigantic banner satirized the red, black, and yellow Wells Fargo logo with the message “We’re Felons.”

The locations of Saturday’s actions were not publicly disclosed in advance. Only a morning meet-up location in downtown L.A. was provided to participants and media. Regardless, security in Whittier appeared to be on high alert Saturday morning. Half a dozen security guards on bicycles circled the shopping center parking lot outside the Wells Fargo branch in advance of the protest. However, twenty minutes elapsed between the start of the lobby protest and the arrival of representatives of the Los Angeles County Sheriff Department (LASD).

Parking two squad cars on the side of the branch, three sheriff deputies entered the Wells Fargo lobby. Upon exiting, they briefly set up a perimeter in front of the doors. One asked a man carrying a “Wells Fargo: King of Foreclosures” sign a question, and received such a passionate response that the deputy nodded and stepped back in deference to the man’s right to express his grievances against Wells Fargo.

Sheriff Deputy Fonseca demonstrated a hostile attitude, intimidating videographer Patti Beers into stepping back from one portion of the sidewalk. He then retreated to corner of the sidewalk with the other law enforcement officers and private security. Multiple private security guards recorded Saturday’s action on phone cameras, once they had the protection of the LASD.

After several homeowners pleaded with the bank over the public address system, the crowd of protestors marched down the sidewalk to the corner of Whittier & Goodrich, chanting, “Hey Wells Fargo, what do you say? How many homes did you steal today?" Appearing to consider their job protecting the bank to be finished, LASD left the scene.

Simultaneous to the action in East Los Angeles, members of the Alliance of Californians for Community Empowerment (ACCE) occupied a Wells Fargo branch in Studio City, CA to bring attention to the plight of an 80-year-old woman who has lived in her home for five decades. Wells Fargo would rather evict her than work out a loan modification.

One foreclosure fighter reported that Studio City branch management were red-faced at the intrusion. A security guard accused the group of “intimidating” the tellers (who were smiling at the families standing up for their rights). She responded, "They are behind bullet proof glass. Try fighting the bank for your house."

 

Back to April 2015 Archive

 

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

SEE BELOW- http://www.certifiedforensicloanauditors.com

Call us toll free at 888-758-2352

Bookmark and Share
spacer
Facebook Like us on Facebook
Twitter Follow us on Twitter
YouTube View our YouTube Videos
LinkedIn Connect to us on Linkedin
 
BBB Logo

 

spacer

Contact us or view our Sample Documents & Audits by completing the form below.

  • Reload
  • Should be Empty:

 

DVD Sets Only $99

 

FREE Mortgage Fraud Analysis

 

Order Cutting-Edge Services Now

 

Quiet Title Packages from Licensed Attorneys

 

Affiliate Services

 

CFLA Sponsored Attorney Links

 

Take-Home Education Package

 

ALB Law Firm

 

Advocate Legal

 

The True News Network

 

Sutton Law Firm, P.L.L.C.

 

Rubenstein Business Law

 

Atighechi Law Group

 

Scunziano & Associates

 

Get Certified to Perform Mortgage Securitization Audits

 

CFLA Training Academy

 

Expert Witness Services

 

Cutting Edge Expert Securitization Reports

 

CFLA Credit Cards

 

Breaking News

 

Letters to the Editor

 

CFLA Weekly Newsletters

 

Code of Ethics

 

Testimonials

 

Instructional Videos

 

Job Opportunities

 

License Opportunities

 

MARS Rule

 

Product Samples

 

Resource Links

 

Servicer Information

 

Foreclosure Laws

 

REST Report

 

Quiet Title Packages from Licensed Attorneys

 

Advertise on CFLA

 

Advertising Space: Mortgage Securitization, Quiet Title

 

Certified Forensic Loan Auditors, LLC
13101 West Washington Blvd.
Suite 444
Los Angeles, CA 90066

Phone: 832-932-3951
Toll Free: 888-758-CFLA (2352)
Mobile Users: CLICK TO CALL
info@certifiedforensicloanauditors.com

   
 
CFLA IS NOT A LAW FIRM AND DOES NOT PROVIDE ANY LEGAL ADVICE. CFLA DOES NOT OFFER FORECLOSURE CONSULTING OR FORECLOSURE RELIEF
SERVICES. CFLA DOES NOT OFFER OR ASSIST WITH ANY LOAN MODIFICATION SERVICE. CFLA ALWAYS RECOMMENDS THAT CLIENTS RETAIN COMPETENT COUNSEL IN THEIR RESPECTIVE JURISDICTION. CFLA HAS A FREE PROGRAM TO REFER CFLA CLIENTS TO LAW FIRMS IN NEARLY EVERY STATE AND CFLA
DOES NOT CHARGE OR OBTAIN REFERRALS FEES FOR THESE SERVICES. SERVICES NOT OFFERED TO RESIDENTS OF THE STATE OF NEVADA.

 
Home About Us Privacy Policy Terms of Service Disclaimer SERVICES Careers Contact Us
 
COPYRIGHT © 2007-2016 Certified Forensic Loan Auditors ™ All rights reserved