Sacramento Grandmother Browbeat By Grandsons Into Guaranteeing $2.8M In Loans Now In Default, Say Suits

In California, The Sacramento Bee reports:

• The 84-year-old matriarch of a Sacramento-area home building family is suing her grandsons, claiming they browbeat her into guaranteeing nearly $2.8 million in real estate loans that have gone into default. In two lawsuits, Ruth Dunmore of Roseville accuses her grandsons Jeremy A. Dunmore, 32, and Sidney D. Dunmore, 35, of elder abuse. She says they took advantage of her emotional stress as she cared for her husband, George, who had dementia. George Dunmore died in October at age 89, and Umpqua Bank is suing Ruth Dunmore and her grandsons over the unpaid debts.

• Ruth Dunmore's suits say her and George's signatures were forged on documents originally guaranteeing two bank loans for the grandsons' Sacramento-based land development firm, GSJ Co. LLC. The suit doesn't say who committed the alleged forgeries. When the loans were amended last spring, the grandsons scared her into signing new guarantees, she says.

For more, see Dunmore matriarch sues grandsons, alleges pressure over loans.

For more on the Dunmore real estate development business and the Dunmore family, see The New York Times: In California, a Generational Tale of Real Estate Boom and Bankruptcy.

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