Posted on 05/18/2008 6:20:36 AM PDT by Maceman
During the frenzied days of no-down-payment loans and cursory credit checks in the early 2000s, two out-of-state lenders gave more than $1 million in mortgages to a Dorchester woman who lives in public housing and barely speaks English, the Herald has learned.
The loans, originated by New Jersey-based Equity One Inc. and the now-defunct Meritage Mortgage Corp., foreclosed last year, making 243-245 Washington St. and 16 Dacia St. among the 233 foreclosures to hit Dorchester in 2007, city and land records show.
The foreclosures have also left the borrower, Angela M. Torres, 47, a mother of two who speaks only Spanish, in financial ruin and under scrutiny from the Boston Housing Authority, which subsidizes her Dorchester apartment.
“I have nothing,” Torres told the Herald in Spanish last week. “I don’t have a business. I don’t have a car. I don’t have a house. I don’t have anything.”
Torres said a Boston real estate broker, Eloy C. Mariluz, helped her buy the properties. Mariluz said he had nothing to do with the loans, even though he took a commission on the property sales.
(Excerpt) Read more at bostonherald.com ...
Easy answer. 10 years on each count (or whatever the max is).
US Citizens go to prison, Criminal Illegals get a FREE plane ride home - and an apology for the inconvenience.
Jews don't believe in Hell. Last time I looked, Judaism was pretty widely considered to be a religion.
Are you Jewish or just speaking for Judaism?
I don’t practice any longer, but I was raised as a reform Jew and bar Mitzvah’d. But trust me, Jews do not believe in Hell (at least, not the one after death anyway).
Yep, follow the money to find out just who was on the receiving end of it.
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.