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SF Bank Under Siege By People Facing Foreclosure

Posted: Sun Sep 07, 2008 11:51 pm
by onepence~2 ... 09786.html

SAN FRANCISCO (CBS 5) ― A San Francisco Wachovia branch was under siege Wednesday afternoon by people on the verge of losing their homes. Those people accuse the bank of giving them mortgages that the bank knew they couldn't afford. Wachovia is the owner of the former Oakland-based World Savings, a bank that CBS 5 has been investigating for months.

The bank is one of the Bay Area's largest, but one that advocates say repeatedly refuses to modify loans and help keep customers in their homes.