Warren Harris
Foreclosure Prevention and Outreach Manager
Fannie Mae
Dear Mr. Harris,
We, the undersigned, are part of the movement of the 99%, and we support Margarita & Manuel Ramirez, who live at 2586 63rd Ave, Oakland CA, 94603, and believe they have been wrongfully foreclosed on.
Bank of America, in collaboration with Fannie Mae, sold their house early on May 5th to EB Fund Company. Bank of America admits they should have allowed for 30 days before selling the house, instead of selling it while telling Ms. Ramirez she could continue to negotiate and try to get a modification from the HAMP program.
Bank of America told our Assembly member Sandre Swanson's office that they would be willing to rescind the sale and work with the Ramirez family to review them for in-house modification programs and other programs in collaboration with the Keep Your Home California program, but that now it is up to Fannie Mae, whether to allow the rescission of the sale.
The Ramirez family needs their home back more that Fannie Mae needs one more.
As a government program, Fannie Mae should be working with families to help them keep their homes, rather than obstructing processes for modification review or selling our homes before the standard period of time given to review the case for other options. This case is one of the most severe in terms of how borrowers are treated.
We urge you to allow the rescission of the sale.
