Call to Action to Stop Foreclosure in the Bayview
March 14, 2012
Attention Attention Attention
Please come out and support as a family/community member, reoccupy
their home that was criminally foreclosed on. We want to send a
message to bloodsucking predatory banks, and their cohorts, STOP
PREYING ON OUR COMMUNITY!
Friday, March 16th program:
Bayview-Hunters Point
10am Rally at 1335 Quesada Ave.
SF, California, 94124
The backstory:
Dexter Cato Summary
Dexter Cato was born and raised in Bayview Hunters Point. His family
continues to live in the home that he grew up in, next door to the
home that he and his wife raised 4 kids. His father was a postal
worker for over 38 years and his mother was a manager for Woolworths
for 28 years. They have both passed away.
Dexter has been working since his was 15 years old. He has worked as a
florist delivery driver, a carpenter, and a long shore man. He has
been an active union member of Local 22, Local 10, and Local 91.
In 2000, Dexter and his mother bought the home next door to their
family home. He had every intention of raising his family in the
neighborhood.
In 2008, Dexter Cato was the survivor of a work incident where his
friend and co-worker fell to his death. Dexter took time off work to
grieve.
Dexter Cato and his wife refinanced on 2008 with Option one. The
initial rate was 6.15% and would cap out at 14.15%.
During this time, Dexter's wife Christina, a MUNI driver and SEIU 1021
union member, handled the finances. As the loan continued to
increase, they submitted for a modification.
In 2009, because of a traffic accident, Dexter's wife passed away,
leaving Dexter and his four children (at the time, 10 year old twins,
14 year old, and 21 year) with reduced income and at a loss with the
finances.
Dexter, grieving, attempted to modify the loan. When the bank, by this
point, Wells Fargo, began to claim missing paperwork, Dexter hired a
lawyer that claimed that he would stop the foreclosure and get a
modification. At one point, Dexter was paying $4000 a month to this
lawyer for this modification.
In April, 2, 2010, after being denied a loan modification and still
under the impression that his lawyer was helping him, Dexter Cato was
given a sale date for the price of $532, 743. The lawyer claimed that
he had stopped it. On October 25, 2010, Wells Fargo sold the home back
to itself for $260,000.
Dexter Cato wasn't aware this had happened.
In October of 2011, Dexter Cato and his children received an unlawful
detainer notice. Dexter, distraught, quickly moved his family out.
On February 29th, Wells Fargo served the final eviction notice to his
empty house.
However, Dexter Cato and his family want their home back. They want
the home that his wife and their mother help create.
Dexter doesn't just see this fight as a fight for himself, but a fight
for the community, stating that "An Injury to One is an Injury to All"
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