At 404 Glen Iris Drive in Atlanta, Georgia lives my family, the Pittmans, and we have lived here since 1953. In 2006, having owned the house for years, my grandma, Mrs. Eloise Pittman, took out a loan for over $300,000 against the home - a predatory loan for over three times the true value of the house. By mid-2010, my grandma - a retired senior living on fixed income - couldn't pay the high interest rates. The bank should have never offered her this loan knowing she wouldn't be able to pay it back. However, this past November Chase Bank foreclosed on our Pittman family home.
Grandma Pittman passed away in November, and now we, her surviving family, must survive Chase Bank's assault on the only home we have known since 1953.
Chase Bank is threatening to take our home unless my family buys it back from the bank at current market value. Or, Chase Bank told us to accept $2,500 cash for keys and move out, losing our home for next to nothing. And they can't even say that to our face - we just found out through the news!
These options are unacceptable.
Regardless of the predatory nature of the loan, my family shouldn't have to pay for the bank's irresponsible lending. No one should be kicked out of their home because a bank set them up to fail. Housing is a human right, and evictions and homelessness are crimes against humanity.
So for over 60 days, supporters of the Pittman family have occupied our home at 404 Glen Iris Drive. Through their physical presence they have stalled the foreclosure process, which would next require the serving of a dispossessory warrant. Beyond defending the home, supporters - and the family! - marched to a Chase Bank on Friday January 27th and shut it down. We will all continue to take offensive action against Chase Bank until my family gets our home back at no cost. This is our home. We plan on keeping it that way.
There is only one demand from my family and our supporters:
Chase Bank stole the Pittman family home and must give back the deed now!
P.S. As of February 22, 2012, Chase Bank still refuses to even talk to my family...