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MrsPJB2007
MBA at your service!
Member since 7/06 12020 total posts
Name:
MJ
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I can not believe he SAID THAT (housing crisis related)
So a guy who works in the back of our office was telling us something this morning, that truly disgusted me. Next door to my office is a real estate place....well one of the guys in the office approached him and said "hey--how come you don't have a house?" Now this guy, Danny, doesn't make much money and scrapes by...he is a permanent resident here in the U.S. and speaks pretty decent English, but he's still learning everyday.
Danny tells him "Well I can't really afford it--but its okay. One day when I can, we'll think about it."
This is the part that really p*ssed me off. The real estate guy says "Well I could get you into a house, EASY! No money down, roll the closing costs into the mortgage, make the first month's mortgage payment...and then pay NOTHING for the next like 6, 7, maybe up to NINE months! Its easy, you just have to pay 1 payment and then it takes them forever to get you out, and you live most of the year for free! It doesn't affect you that much. And you get a house for awhile and I get to have a commission for selling a house...we both make out great!" 
He's probably counting on the fact that Danny doesn't speak English welll or understand things (they were conversing all in spanish). But regardless...it so sad that there are shady agents like this STILL contributing to the problem of the housing crisis here on Long Island. I wish I could go punch him in his face.
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Posted 2/19/09 9:58 AM  |
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Long Island Weddings
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anonttcer
BOOOO for fall!
Member since 7/06 10082 total posts
Name:
Meaning a NON ttcer!
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Re: I can not believe he SAID THAT (housing crisis related)
SERIOUSLY?
That guy needs to be brought up on charges and have his license taken away.
That is the most shady thing I have ever heard of.
What a complete sc*mbag!!! 
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| Posted 2/19/09 10:01 AM |
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MissJones
I need a nap!
Member since 5/05 22136 total posts
Name:
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Re: I can not believe he SAID THAT (housing crisis related)
 Wow.
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| Posted 2/19/09 10:01 AM |
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1stimemom
Love my boys
Member since 2/08 8766 total posts
Name:
Mrs Dee
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Re: I can not believe he SAID THAT (housing crisis related)
Seriously I would report him to LIBOR. That is horrible and disgusting
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| Posted 2/19/09 10:02 AM |
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MeNBobs
*****
Member since 4/07 3765 total posts
Name:
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Re: I can not believe he SAID THAT (housing crisis related)
I'm looking for a realtor can you get me that guy's number?
He is the definition of what is wrong with America.
What did Danny say to him?
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| Posted 2/19/09 10:05 AM |
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MrsPJB2007
MBA at your service!
Member since 7/06 12020 total posts
Name:
MJ
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Re: I can not believe he SAID THAT (housing crisis related)
what gets me so mad--is that i'm sure they pull this thing on sooo many people--especially those who don't speak or understand english and just don't know any better. since they are hispanic themselves, it just disgusts me that they are taking advantage of their own people like that versus trying to help them in a legitimate way.
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| Posted 2/19/09 10:05 AM |
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JenMarie
One day at a time
Member since 11/07 7397 total posts
Name:
Jennifer
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Re: I can not believe he SAID THAT (housing crisis related)
Wow! And unfortunately there are so many people who don't know much about this stuff and will take him up on his "offer". It's sad that people like him try to take advantage of others.
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| Posted 2/19/09 10:05 AM |
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MrsPJB2007
MBA at your service!
Member since 7/06 12020 total posts
Name:
MJ
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Re: I can not believe he SAID THAT (housing crisis related)
Posted by MeNBobs
I'm looking for a realtor can you get me that guy's number?
He is the definition of what is wrong with America.
What did Danny say to him?
He just kind of looked at him and said "um, yeah that's okay...i would like to stay here in the U.S. for the rest of my life, so i don't want to do anything shady like that" and walked away
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| Posted 2/19/09 10:06 AM |
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Re: I can not believe he SAID THAT (housing crisis related)
Posted by MrsPJB2007
He just kind of looked at him and said "um, yeah that's okay...i would like to stay here in the U.S. for the rest of my life, so i don't want to do anything shady like that" and walked away
Good for him. 
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| Posted 2/19/09 10:16 AM |
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LightUpOurLife
Totally in love
Member since 8/06 12785 total posts
Name:
Bonnie-Jean
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Re: I can not believe he SAID THAT (housing crisis related)
I would report that SOB. It's because of people like him we are in this position. 
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| Posted 2/19/09 10:17 AM |
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diva7531
My Peanut
Member since 2/07 5199 total posts
Name:
Ryan 3 boys EDD 11/6!
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Re: I can not believe he SAID THAT (housing crisis related)
That is just disgusting!!!!!!!!
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| Posted 2/19/09 10:19 AM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: I can not believe he SAID THAT (housing crisis related)
Posted by MrsPJB2007
Posted by MeNBobs
I'm looking for a realtor can you get me that guy's number?
He is the definition of what is wrong with America.
What did Danny say to him?
He just kind of looked at him and said "um, yeah that's okay...i would like to stay here in the U.S. for the rest of my life, so i don't want to do anything shady like that" and walked away
go Danny.
and what a friggin scumbag. he probably thought he had an "in" b/c they both speak spanish.
you should tell Rico Suave that you heard his b/s. what a !@#$!!!!!!!!!!
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| Posted 2/19/09 10:22 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: I can not believe he SAID THAT (housing crisis related)
um....that's called a straw buy- it's a felony
you can be arrested for that- is this guy in suffolk? I think they have a mortgage fraud task force set up...I would report this
ETA- all first payment defaults - are investigated now b/c of this practice
(you make 1 payment and default)
Message edited 2/19/2009 10:29:58 AM.
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| Posted 2/19/09 10:28 AM |
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MrsPJB2007
MBA at your service!
Member since 7/06 12020 total posts
Name:
MJ
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Re: I can not believe he SAID THAT (housing crisis related)
Posted by Beth
um....that's called a straw buy- it's a felony
you can be arrested for that- is this guy in suffolk? I think they have a mortgage fraud task force set up...I would report this
ETA- all first payment defaults - are investigated now b/c of this practice
(you make 1 payment and default)
since i heard it thru 3rd party--how would i go about doing this? i sincerely DESPISE this company next door to us. we've had some of our clients say they have approached them hassling them to use them for a mortgage....and i can only imagine the dirty dealings that go on inside their office.
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| Posted 2/19/09 10:34 AM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: I can not believe he SAID THAT (housing crisis related)
Posted by MrsPJB2007
Posted by Beth
um....that's called a straw buy- it's a felony
you can be arrested for that- is this guy in suffolk? I think they have a mortgage fraud task force set up...I would report this
ETA- all first payment defaults - are investigated now b/c of this practice
(you make 1 payment and default)
since i heard it thru 3rd party--how would i go about doing this? i sincerely DESPISE this company next door to us. we've had some of our clients say they have approached them hassling them to use them for a mortgage....and i can only imagine the dirty dealings that go on inside their office.
can you talk to Danny? tell him you heard what he said and that you want to report him b/c it's fraud?
I would think, even hearing through a third party, that they would investigate.
we do that here with whistleblowers, so I imagine it could be similar on a local level.
but I wouldn't let this slide. how really disgusting.
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| Posted 2/19/09 10:37 AM |
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LoveyQ
Stalkers, get a life.
Member since 11/07 12820 total posts
Name:
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Re: I can not believe he SAID THAT (housing crisis related)
That's just so LOW!!! And I'm sure they've convinced people to do this in the past! Ugh!
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| Posted 2/19/09 11:20 AM |
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HoneyBadger
YourWorstNightmare.
Member since 10/06 15979 total posts
Name:
BahBahBlackJeep
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Re: I can not believe he SAID THAT (housing crisis related)
That's horrible.
Kudos to Danny for not buying into what this loser said. I would definitely try speaking to him to see if he'd consider reporting that loser realtor.
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| Posted 2/19/09 11:27 AM |
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MarathonKnitter
HAPPY
Member since 2/07 17374 total posts
Name:
EMBRACING CHANGE
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Re: I can not believe he SAID THAT (housing crisis related)
just disgusting!
and GO DANNY!
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| Posted 2/19/09 11:36 AM |
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Gertyrae
Peace out Homies!
Member since 5/05 20046 total posts
Name:
Gerty ®
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Re: I can not believe he SAID THAT (housing crisis related)
Call LIBOR and report the RE company. Tell them the story and that you heard it third hand but thought they should know.
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| Posted 2/19/09 12:41 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: I can not believe he SAID THAT (housing crisis related)
I would bet this company is already under investigation.....
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| Posted 2/19/09 1:47 PM |
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Peainapod
Peanuts are here!
Member since 1/09 13591 total posts
Name:
Diana
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Re: I can not believe he SAID THAT (housing crisis related)
and we wonder why there is a housing disaster??
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| Posted 2/19/09 1:53 PM |
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KartveliT
...
Member since 1/08 8363 total posts
Name:
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Re: I can not believe he SAID THAT (housing crisis related)
I just hope Denny is smart enough and understood enough to know that what the other guy offered him is wrong and he doesn't fall for it.
 
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| Posted 2/19/09 2:14 PM |
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freshstuff
I would do me
Member since 5/08 1188 total posts
Name:
Michelle
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Re: I can not believe he SAID THAT (housing crisis related)
 That is truly disgusting. Thank God that man said that and it means there are some good people left in the world.
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| Posted 2/19/09 2:25 PM |
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Sweets13
Bella Bambini
Member since 5/05 9300 total posts
Name:
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Re: I can not believe he SAID THAT (housing crisis related)
Disgusting!! I dont know how a person can sleep at night knowing that they are scamming, hurting innocent people just so they can make a buck!
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| Posted 2/19/09 2:29 PM |
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ILJ619
LIF Adult
Member since 6/06 1985 total posts
Name:
Irene
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Re: I can not believe he SAID THAT (housing crisis related)
that is horrible. I am glad Danny had some sense! this reminds me of a story on CNBC. The guy hardly spoke English and wanted to open a restaurant so a realtor convinced him to get a house so he could take the equity out to open his restaurant. The house he bought was 545K and he only made $900 a week with his wife. And of course that story had a sad ending because the price dropped so now no house and no restaurant. So sad how people take advantage!
Message edited 2/19/2009 2:49:39 PM.
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| Posted 2/19/09 2:43 PM |
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