CTDN: Eviction Blockade Press release...GMAC vs Dumerant Families--"Banks get bailed out. People get thrown out."

 Welcome To The Chuck Turner Daylight Network:

The Antidote For The Apathetic

 

 

 

GMAC vs. Dumerant Families

"Banks get bailed out.  People get thrown out." 

At least that's what GMAC wants.

 

     Boston Community Capital is trying to make a new offer to buy the Dumerants' house and sell back to them.  We believe their offer will be pretty close to exactly what GMAC said they wanted.  Why is GMAC continuing the eviction?

 

     GMAC says they have the house under agreement to someone else.  That investor can undoubtedly get out of that agreement if there is no eviction.  Let them back out and take the BCC offer!  Why is GMAC continuing the eviction.

 

     GMAC got special permission to become a bank holding company in December, 2008, making them eligible for a massive bailout.  Yet they can't work with the Dumerants?  Why is GMAC continuing this eviction?

 

     In court today, the judge heard arguments.  He will issue a decision on Monday.

     That means.

 

1.  There will be no eviction on Monday morning

2.  It's almost impossible for an eviction to take place on Tuesday morning.

3.  After that we're not sure. 

     We will continue to post updates. 

     The Dumerants remain very strong.  They and we wish you a good weekend. 

 

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“Banks get bailed out.  People get thrown out.”

GMAC bailout contrasts with treatment of the Dumerant families.

Possible eviction blockade next week in Everett.  Court today.

 

Contacts:          Steve Meacham (617-524-3541 x310 or cell phone 617-909-6182)

                        Melonie Griffiths (617-524-3541 x315 or cell phone 617-318-8670)

 

                                                                                                                                                           

 

“Banks get bailed out.  People get thrown out.”  That was the chant that rang out at a powerful vigil of 75 people in front of the home of the Dumerant families in Everett on Monday evening, Sept. 13.

 

“That chant is especially true here,” stated Melonie Griffiths, an organizer with City Life/Vida Urbana.  “GMAC got the bailout but they won’t work with the Dumerant families.  GMAC can get the price they want by negotiating with the Dumerants, but they are choosing to push an eviction.  We plan to do an eviction blockade if GMAC tries to evict.”

 

GMAC got bailout money.  In December 2008 the Federal Reserve allowed GMAC to redefine itself as a “bank holding company”, which made it eligible for billions in taxpayer’s bailout money. 

 

Dumerants are getting thrown out.  The Dumerant family was a victim of the inflated prices of the housing bubble.  They were foreclosed.  They sought and were granted a new mortgage by a non-profit lender, Boston Community Capital (BCC).  BCC started negotiating with GMAC to buy the property at current real value in late July, 2010.  The gap narrowed.  BCC offered $215,000.  GMAC wanted $250,000.  The Dumerant family began to pull together resources to make another offer but GMAC broke off negotiations and put the house under agreement with another party, apparently an outside investor. GMAC is trying to forcibly evict the Dumerants next week.

 

After a couple more weeks of effort, BCC is now able to make a much higher offer, but GMAC won’t accept a new offer due to the purchase and sale agreement.

 

“We want to negotiate with the bank, to give them the price they want,” stated Prudhomme Dumerant, who lives at 48 Mansfield St. in Everett.  “We are willing and have always been willing to pay rent while negotiations continue.  But the bank won’t accept our rent or our offer.”

 

There will be a court hearing today at 2:30 pm to determine if there will be an eviction next week.  City Life will organize a blockade if the eviction goes forward.  In an eviction blockade, some people risk arrest by sitting in the doorway.

“GMAC should stop the eviction,” added Steve Meacham, another organizer with City Life.  “GMAC can get what they want from BCC in cash without eviction.  There is no reason to evict here.”

 

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