Marietta, GA--Today, the Cobb United for Change Coalition (CUCC) and Occupy Our Homes ATL (OOHA) will join Marietta homeowner Steve Boudreaux as he launches a campaign to save his home from foreclosure. The press conference will be held outside the very Wells Fargo branch where he applied for and received his loan.
WHO: Steve Boudreaux (Homeowner), Cobb United for Change Coalition & Occupy Our Homes ATL
WHAT: Press Conference to Call Out Wells Fargo and Launch Campaign & Demonstration to Keep Steve in his Home
WHEN: Friday, June 29, 10:30am-12:00pm (Press Conference at 10:30am sharp)
WHERE: Wells Fargo Bank, 602 Roswell St SE, Marietta, GA 30060
"I look forward to breaking the cycle of silence that keeps so many Cobb residents from standing up to the banks and defending their homes," says Boudreaux, a Marietta homeowner recently foreclosed on by Wells Fargo.
After battling unemployment and struggling to make payments on his mortgage, Steve Boudreaux did what any diligent homeowner would do, he applied for an emergency home loan modification to stay in his home at a rate he could afford. Everything was all set to move forward until the IRS delayed in getting tax transcripts to his bank, Wells Fargo. Wells Fargo, rather than wait for the transcripts to come in, pushed forward with a foreclosure sale. To add insult to injury, the transcripts were delivered the day after the foreclosure sale. Boudreaux, CUCC, and OOHA recognize this as unjust treatment on the part of the bank.
According to the latest numbers from RealtyTrak, one in every 300 housing units in Georgia is going through foreclosure, more than double the national average of one in every 639 housing units. "Georgia, is now the epicenter of the foreclosure crisis. We have to do something about this, and we have to do it now," says Occupy Homes organizer Allie McCullen. Boudreax, CUCC, and OOHA will stage a peaceful demonstration at the Wells Fargo branch immediately following the press conference. The demonstration will highlight not only Boudreaux's struggle but the struggle of so many homeowners who have been abused by the bank.