On August 7th Wells Fargo and Deutsche Bank named the City of Richmond in a lawsuit filed to attempt to block Local Principal Reduction from moving forward.
Please call Wells Fargo CEO John Stumpf and tell him to stop suing and start negotiating.
Here’s his office number: 415-396-7018
Here’s a sample script:
“Hi, my name is __________. I wanted to let John Stumpf know that I support the city of Richmond’s common sense approach to local principal reduction. Wells Fargo needs to drop the lawsuit it filed against Richmond. The foreclosure crisis has hit cities like Richmond tremendously hard. Sell these underwater loans to the city so that we can stop the crisis now!”
You can report how the call went by leaving a comment below.