After a rousing protest on the steps of City Hall on April 2, 2012, the Land Use Committee of the San Francisco Board of Supervisors held a hearing on foreclosures and passed unanimously (3-0) a slightly-amended foreclosure moratorium resolution and sent it on to the whole Board of Supervisors for consideration. This means that the Board could pass the resolution as soon as the Board meeting on April 10, 2012.
Speakers at the protest included Occupy Bernal Foreclosure and Eviction Fighter (FEF) Ross Rhodes, ACCE FEF Vivian Richardson, Occupy Bernal organizer and MC Judy Kurtz, and Supervisors David Campos and John Avalos, who sponsored the foreclosure moratorium resolution.
The Supervisors on the Land Use Committee voting in favor of the resolution were Malia Cohen, Eric Mar, and Scott Wiener, which brings the total number of Supervisors who have either co-sponsored or supported the resolution to eight, a super-majority of the Board. Among others, San Francisco Assessor-Recorder Phil Ting, Ed Donaldson of the San Francisco Housing Development Corporation, and representatives of the Mayor’s and State Attorney General’s offices testified at the hearing. Kathryn Galves, who Wells Fargo recently evicted from her Noe Valley home of 40 years, and other FEFs, Home Defenders, and members of the public told their horror stories about foreclosures and related auctions and evictions and spoke in favor of the resolution. Wells Fargo declined to send a representative to the hearing.
Here are some pictures of the protest and the hearing (with more photos from Carol Harvey here:
Please join us from 9:00am to 6:00pm tomorrow, Saturday, March 24, at the Wells Fargo Noe Valley branch at 4045 24th Street between Castro & Noe Streets.
We will be protesting Wells Fargo Bank’s pending eviction of Kathryn Galves, her sister, and their dog, scheduled for this Wednesday, March 28.
To call/email Wells Fargo to get them to the bargaining table, please go to the action alert accompanying this action.
This action brought to you by Occupy SF Housing Coalition and Occupy Bernal.
Kathryn Galves purchased her lovely home at 1164 Church Street in 1972 and the home increased in value considerably over the years. She is a military widow who banked on the increased value of her property to invest in an out-of-state property with a Section 8 (affordable public housing) tenant. The investment did not go well and she lost more to book sales customers who didn’t pay for their orders. Kathryn lives on a fixed annuity income and her live-in sister earns a meager living as a caretaker. When her financial situation went sour, Kathryn filed a Chapter 13 bankruptcy, but Wells Fargo Bank successfully challenged the bankruptcy, then foreclosed on her home and it went to foreclosure auction.
No one bid for the property at auction, so it became “bank-owned”, that is, owned by Wells Fargo. Wells Fargo has filed for the San Francisco Sheriff to evict Kathryn, her sister, and their dog from her home of 40 years. Kathryn has found a long-term neighbor who is willing to purchase her home and let her, her sister, and their dog remain in the home. Despite many requests by Kathryn and the prospective buyer, Wells Fargo has refused to come to the bargaining table regarding selling the home.