The news this morning - it appears that GM is going to need to file bankruptcy because they couldn't reach an agreement with the shareholders. I'm not putting them down but having a GMAC name attached to our company has become somewhat of a burden. Because we have a GMAC franchise name many people are wondering whether or not we will be affected by all of this. Because GMAC Real Estate was purchased by a profitable company back in September we are happy to announce that we are not affected at all by the problems that GM is going through. The new company is working diligently to get us a new name and a new identity. I am pleased so far with the news the new company is sending out to us, and the support we are being promised. I am even more pleased that we aren't going to have to explain how we're getting through this in the situation GM is in at this time. It's so much easier to say we were purchased last fall by a lucrative company and that a name change is coming. It will be interesting to see what we end up with as a name!
Comments(0)