Posted on 08/24/2007 8:31:36 AM PDT by SmithL
Amalia Rios, left, and Judy Murillo, right, talk about her home mortgage troubles at the dining room table in Murillo's home in Antioch, Calif., on Wednesday July 18, 2007. Photo for story on two families who say they were misled by a broker into signing a mortgage without knowing what it really said because they speak limited English.
They’re suing because THEY don’t understand the language.
1. Speak English.
2. Quit buying houses and moving everybody in your family into them. You’e killing our neighborhoods and property values.
Kind'a like democrat politicians, eh Mikey?
Please tell me why I should synpathize with low income people who want a $450,000 home. I live in a $10,000 mobile home.
I though U.S. citizens were supposed to all know the English language. Am I missing something here?
I don’t know maybe it’s just me but several things just strike me as odd about this whole thing. First they have been in the house for about two years and they already have a second mortgage. What’s up with that? Second it took three people to qualify for this home? Once again I scratch my head in wonder. Nobody held a gun to these peoples heads and told them to sign the papers. Clearly they couldn’t afford the home in the first place and are now looking for an out and of course a lawyer is waiting in the wings to take the case. Why am I not surprised.
Kirbvy
Probably a legal resident, but not a citizen (hopefully).
Who buys a house without hiring a lawyer?
Kirbvy = Kirby
Geez I can’t even spell my own name.
Any sane court would throw this case into the street and sanction counsel for filing it.
Another forclosure in the making.
An excellent way to keep people in virtual shackles, deny them full participation in the economy and permanently dependent on government— is to encourage them not to bother to learn fluent english.
The moral is don’t lend to Hispanics.
If they can’t speak English, no loan.
Actually in California that would be considered border line low income housing, especially being that close to the Bay Area. It's all out of whack.
They had it planned from the getgo.
Get creative to qualify and then blame the fact that they can’t pay the loan back on the FACT they don’t want to learn English.
Stupid in any language. $2,800 on a $4,800 take home pay? Even if the rate was fixed that would be an incredible amount of money.
If I were going to Mexico to buy some property, there is no way I would go in without my own representative (probably a lawyer) who spoke English and Spanish.
If YOU don’t understand the loan documents, it’s YOUR responsibility to find a translator who can read them to you BEFORE you sign.
The only question that is relevant is how many “sane” courts are left in this nation. The price for legislating from the courts is a loss of justice from the courts.
“Despite those positives, they ended up with an adjustable-rate mortgage
that rose from a $2,800 monthly payment to $3,500.”
They got greedy.
They snapped up a deal that any rational (non-greedy) person would
have said “that deal very likely go sour when the rate readjusts upward”.
Boo-freakin’-hoo.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.