Posted on 07/29/2015 4:18:42 AM PDT by smartyaz
The founder of a Phoenix co-working space and one of its companies are facing accusations from the Arizona Attorney General’s Office for defrauding at least five people who believed they were purchasing homes from the company.
The five Spanish-speaking victims made down payments and monthly mortgage payments to this company, believing they were homeowners, but ultimately lost their homes to foreclosure.
(Excerpt) Read more at bizjournals.com ...
They were just giving “loans” and “brokering mortgages” that Americans wouldn’t do. They were fulfilling “dreams”, man...
What’s a little “unlicensed everything” when “dreams” are the prize?
What’s Spanish for “caveat emptor”?
This has been going on for years in the Latino community.
No one fleeces these people better than their fellow Latinos.
Twenty years ago as the broker/owner of a real estate firm, I was responsible for closing transactions/documents of my company’s listings. Several times I watched Latino buyer’s agents translate closing and loan documents for their Spanish speaking buyers in two or three sentences. I noted several times to my closer that I suspected those poor folks had no clue what they had just signed. Ripe for fraud.
different time, different place but same old, same old.
watch-o yur-ass-o.
I think.
Siri wasn’t sure....
“watch-o yur-ass-o”
That works if you imagine Fred Sanford saying it.
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