Tags Dual tracking
Tag: dual tracking
Did a company called DMG Asset Management buy your foreclosed home? It bought Larry Faulks’ Diamond Heights home from Wells Fargo Bank after the bank put it up for foreclosure auction via a practice called dual tracking, whereby a bank forecloses and auctions off a home whose loan it is supposedly in the process of modifying.
The Bayview, which was once 70 percent Black, has been increasingly fighting a high rate of foreclosures that is resulting in yet another form of gentrification. Wells Fargo Bank has been responsible for many of the foreclosures in the community. Help your neighbors by joining the Stop the Wells Fargo 27 Holiday Foreclosure and Evictions campaign.