ACORN Conducts Two-Hour Sit-In At Wachovia In Protest Against Loan Servicer's Alleged Unwillingness To Work Out Delinquent Mortgages

In San Francisco, California, Beyond Chron reports:

• As families face foreclosure due to predatory lending and sub-prime mortgages, San Francisco ACORN went to Wachovia Bank yesterday with a simple goal: have the bank manager fax their list of demands to the company’s C.E.O. As the 4th largest bank in the Bay Area, Wachovia has repeatedly refused to work with families after brokering loans with incorrect incomes and balloon payments—risking the homes of those like Bayview resident Jackie Phillips.

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• Incredibly, the Manager of Wachovia Bank refused to fax Jackie Phillips’ letter to the C.E.O.—and instead called the police. For two hours, ACORN held a boisterous sit-in at the bank—even chanting “fax it and we’ll leave!” so the bank could get back to business.

For more, see ACORN Takes On Wachovia Bank.

See also: KPIX-TV Channel 5: SF Bank Under Siege By People Facing Foreclosure (read story) (watch video of the Wachovia sit-in).

Go here for raw video of the protest at the bank. World Savings