ATLANTA (Oct. 5, 2009) – State Sen. Vincent Fort (D-Atlanta) and members of the Fighting Foreclosure Coalition got a confession from Wells Fargo/Wachovia regarding foreclosures. As a result, there will be 1,000 Metro Atlanta homes taken off the list of foreclosures.
“After a long struggle, the Atlanta Fighting Foreclosure Coalition is gratified that Wells Fargo/Wachovia is taking 1,000 homes off of the foreclosure list,” said Sen. Fort. “This is only the beginning however. Wells Fargo/Wachovia must craft a Loan Modification Plan with the Atlanta Fighting Coalition to ensure that families can retain the homes that they have worked so hard to maintain.”
Wachovia is currently owned by Wells Fargo and the corporation has received over $25 billion in taxpayer bail out money. The bank is also being sued by the city of Cleveland, OH, San Diego, Calif. and by the NAACP for racial discrimination used in lending practices.
The Atlanta Fighting Foreclosures Coalition came together shortly after convening a forum on foreclosures and a call to action at the First Iconium Baptist Church this past April. The Coalition consists of 40 community organizations — labor unions; civil rights, human rights and civil liberties groups; homeless shelters and faith-based organizations. The AFFC’s program is facilitated by a committee of eight co-chairs of which Sen. Fort is one.
Sen. Vincent Fort represents the 39th Senate District which includes a portion of Fulton County. He may be reached at his office at the Capitol at 404.656.5091, by cell phone at 404.287.7116 or by e-mail at vincent.fort@senate.ga.gov.
PRESS RELEASE
For Immediate Release:
October, 5, 2009
For Information Contact:
Katie Wright, Communications Associate
katie.wright@senate.ga.gov
404.656.0028