1. Vivian Richardson

    Vivian Richardson has been a homeowner in San Francisco’s Bayview neighborhood for almost 15 years. She purchased the home in 1999. When she was laid off in 2005, it was around the same time that her toxic loan started to increase. With little choice, Vivian started to work as many part time jobs to make sure she was on time paying her mortgage. In 2008, she was able to refinance her home to get out of the subprime loan that she was in. Unfortunately, the loan she modified into was also subprime, and she was soon faced with the same situation. She fell behind and tried to work with the bank for a modification.

    Soon, she was finally able to find steady employment as a home care provider and was able to make arrangements for a forbearance agreement with the bank. When her last forbearance agreement was due, Vivian’s check from the state was late, due to budget cuts. She reached out to the bank to explain the situation and let them know that she needed pay them a few days late. Instead, the bank refused to work with her and foreclosed on her home.

    As her eviction date came near, she was able to get a stay only when she was in a near fatal car accident. While she was recovering she saw a news segment where ACCE members defended a home from eviction. Vivian called her local chapter and fought to win her home back.

    On May 20th, she is traveling to DC to call for accountability from Wall Street Banks who are trying to destroy California neighborhoods. “We can’t have two systems of justice in this country: one for the rich and powerful, where Wall Street criminals are actually rewarded with bailouts and huge bonuses, and another for the rest of us, where petty criminals end up in prison with disproportionately harsh sentences,” says Vivian. “These Wall Street banksters stole many homes, and are still committing crimes. It is time for them to be held accountable.”