Occupy Wells Fargo Noe Valley Action to Protest Kathryn Galves Eviction

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.

Background Information

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.

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