To: John Stumpf, CEO Wells Fargo

Wells Fargo: Stop the Foreclosure & Approve The Vellanoweth's Request For A Loan Modification!

Wells Fargo: Stop the Foreclosure & Approve The Vellanoweth's Request For A Loan Modification!

Stop all foreclosures and evictions and provide real relief that will keep families in their homes and restore the wealth your bank has stolen from our communities. Provide reasonable loan modifications that include principal reduction for all underwater homeowners and others at risk of foreclosure, and stop employing tactics designed to mislead, bully, harass, and intimidate homeowners. Stop your attempts to block communities from providing their own solutions to the crisis.

Why is this important?

In 2007 our family purchased our first home in the city of Whittier. Unfortunately, due to the financial housing crisis our home depreciate in value. We struggled for a while applying for a modification but were refused several times. In 2011, we refinanced our home using a HARP refinance which alleviated the pressure for a while, but it was not enough. In 2012, both my wife and myself were laid off from our jobs of twelve (12) years. We were both able to secure employment but struggling because our income was reduced by 50%. We applied for a modification again and were denied. Unfortunately, I was laid off for a second time and fell behind on payments. Wells Fargo has refused to modify our 2nd mortgage claiming that my income to debt ratio does not fall in their guidelines to modify my loan.

Wells Fargo has a well-documented history of abusing customers seeking mortgage modifications, racial discrimination and peddling faulty mortgages that led to the financial crisis. Now a lawsuit has brought to light a 150 page manual used by the bank, that attorneys say provides a step by step instructions for Wells Fargo lawyer’s to fabricate documents in order to illegally foreclose on millions of homeowners.

How it will be delivered

We plan to deliver our petition at our local Wells Fargo branch.

11307 Monte Vista Drive, Whittier, CA, United States

Reasons for signing

  • I hate Wells Fargo, they treat their loan customers terribly
  • The only way we can stop Wells Fargo from predatory lending and wrongful foreclosers is to withdraw your money from the bank and encourage everyone to do the same. Also write your representives and urge them to hold the Big-Banks that caused the financial crisis accountable by the US justice department and force them to pay back every dollar of ill-gotten gains to their victims.
  • keeping fams together, that's what companies should be looking for instead of huge monetary gains...

Updates

2014-04-24 22:47:37 -0400

50 signatures reached

2014-04-20 22:05:53 -0400

25 signatures reached

2014-04-16 00:40:35 -0400

10 signatures reached