Foreclosure Crisis Prompts Oakland Bank Demonstrations

OAKLAND (KCBS) – Members of a coalition aimed at making mortgage relief a key issue this election demonstrated at major banks in Oakland Thursday. Their message: executives at lending institutions need to start taking them seriously, or risk even louder protests.

The group calling itself the Home Defenders League is made up of people who have been impacted by the nation’s ongoing foreclosure crisis.

KCBS’ Dave Padilla Reports:

“I’ve been trying to deal with Wells Fargo for the last three years,” said a woman who identified herself as Lisa from Hayward, who brought a stack of paperwork with her to a recent protect. “I’ve been trying to get a modification and I’m getting nowhere.”

She was one of about a dozen Home Defenders League members who marched to a number of banks on Thursday, including a Wells Fargo branch on the 3400 block of Fruitvale Avenue in Oakland.

The group reportedly has some 50,000 members across the nation, and plans to hold rallies and house parties this month, during what members describe as an “intensive” 3-day recruitment period.

(Copyright 2012 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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