Help save mom's home!
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Three generations of our family have lived in our mother’s home. She has been living there for over 50 years and her favorite part is her yard, which she has lovingly tended to ever since we can remember. Mom is an 85-year-old, a breast cancer survivor, with Alzheimer's Disease. Her home has always been one of the most meaningful parts of her life. It is all about to be taken away. Our mother is one of many Wells Fargo predatory lending victims.
Mom was living alone when Wells Fargo approached her and interviewed her for a number of loan applications. Despite being elderly and living on a fixed Social Security income, they gave her two mortgage loans. When she was about to default on one, they issued a third. How could Wells Fargo give her loans that they knew she couldn’t possibly afford?
Our mother had no idea she was trapped in a predatory lending scheme, the type that Wells Fargo has been found guilty of doing time and time again. By the time we realized how much trouble mom was in, it was too late to intervene. The statute of limitations for predatory lending had run out and Wells Fargo was on her doorstep coming to collect the house.
An attorney for Wells Fargo recently told our family that they, “are not in the business of running a nursing home.” We have little time to prevent this foreclosure sale from occurring or she will be torn away from her home. This will surely leave her devastated and confused -- a fate she does not deserve. Please sign our petition and tell Wells Fargo to let our mom stay in her beloved home where she belongs.
- Wells Fargo
- Carrie. L. Tolstedt
- Wells Fargo Board of Directors
- State Senator
- Avid Modjtabai
- Franklin Codel
- Andrew Cecere
- Richard Davis
- New York Governor
- New York State Senate
- Suffolk County Legislator Al Krupski
- Assemblymember Linda B. Rosenthal
- State Senator
- President of the United States
- Suffolk County District Attorney
Thomas J. Spota
- Vice President
Wells Fargo: Stop the foreclosure on the home of our mother who has Alzheimer's Disease. You gave our Mother mortgage loans you knew she could not afford to pay. As a result you enforced legal action against her forcing her to lose her home.
At the time you first met with our Mother she was an elderly widow struggling to live on a fixed income. Without wanting to worry her family she sought help to restructure her finances. Your Southampton, N.Y. office offered her a Prime Loan application for which she was denied for lack of income. Given her situation, you had the opportunity to create a portfolio which would have included a reverse mortgage and therefore a lifetime of security. But instead, you came back to her with a representative from your Happauge N.Y. office and told her that her only choice would be to sign for a loan she could not afford if she wanted to stay in her home.
Since the time you gave her the mortgage, she has had breast cancer, has broken each of her legs, and has been diagnosed with Alzheimer’s disease. She has written to you about her extreme hardships many times asking for your help. Your response was to take her to court for collections while she was undergoing treatment.
We want you Wells Fargo, to take responsibility for passing through loans that made our Mother a victim of predatory lending. We want you Wells Fargo, to stop all foreclosure proceedings against our Mother. We want you Wells Fargo, to eliminate the mortgage debt the you constructed to be held against her.
Signed by her children,
Jamie Davis and Melissa Davis
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