An estimated 5,000 activists around the country occupied 40 bank-owned homes that had been foreclosed yesterday, in what the group called "a national day of action to stop and reverse foreclosures."
The group "Occupy Our Homes" identifies as a movement that supports Americans who stand up to their banks. "We, the 99%, are standing up to Wall Street banks and demanding they negotiate with homeowners instead of fraudulently foreclosing on them," reads the group’s description on their website.
A leaked Bank of America email proved managers at the bank were aware of Occupy Our Homes’ action. "There is a potential nationwide protests planned that could impact our industry," read the letter sent to the bank’s service suppliers in the field.
The group was live blogging their actions across the country. Below are more details of a win in West Oakland, Calif.:
News of victories in California with Occupy Oakland, ACCE Home Defenders League and community supporters: A West Oakland mother of three reclaimed her home earlier in the day. A delegation of a family under foreclosure threat met with Wells Fargo officials, who agreed to postpone the foreclosed home’s sale. Disrupted the foreclosure auction at the Oakland county courthouse. More than a dozen homes were prevented from being auctioned.
As a result of the demonstrations, several banks came to the negotiating table with home occupiers in West Oakland, Seattle and San Jose, according to the group.
Foreclosure auctions were blocked in Georgia and California, stopping the sale of dozens of homes.
The group also supported homeless families occupy bank-owned homes that were empty due to foreclosures.