Comments on: Borrowers who negotiate loan terms with a mortgage broker in Spanish, must receive their loan documents in Spanish

By: Dr.seymour,bush

Dr.seymour,bush — Fri, 25 Sep 2009 03:30:31 +0000

I am a law student helping an attorney fight for the rights of lenders (our clients) who prepared loans in english to bi-lingual buyers who nogotiated in english. those buyers are now trying to get out of their contracts by claiming that the terms were not in spanish even though they negotiated in english. This bothers me and i work extra hard to not let these people get by with what they are trying to do. incidentally, i am mexican american-my dad is from mexico and my mom is from america (she is very white-german and dad is very dark mexican) anyway i only throw this in because i hope it serves as some evidence that i am not racist towards spanish speaking people. i speak spanish myself and i suppose i could negotiate a contract quite easily with a lender in english and sign all the documents in english and then turn around and claim that i was not given the docs in spanish in violation of c.c.c. 1632.
Here’s the thing. i know lender and loan officers try to push through whatever they can and they do what they can to slip in all kinds of *^*(&&… , and for that they can suck my (*&&&()…, but buyers are to blame also IF, and i stress IF, they are just using the fact that they have a spanish last name to get out of the contract-that’s fraudulent too. these are the people we are going after. they can just walk away and let their credit get screwed because they made a bad deal, but they don’t. they make up this (*^&^% …about how they didn’t know what they were signing. meanwhile people that dont speak another language have less options to get out of the loan and not have their credit screwed.

By: Oscar

Oscar — Thu, 20 Mar 2008 20:18:53 +0000

I know of an organization that is trying to help all of these people that have been caught up in this mess. Regardless of race or language through a non profit call them at 866-563-1669 if they can’t help I don’t think anyone can.

By: MIKE

MIKE — Thu, 20 Mar 2008 12:04:10 +0000

JMAC,
Thank you for your eloquent articulate and easy to follow post! I appreciate you taking the time and addressing the racist overtone of this blog. I look forward to reading all your post and absorbing more knowledge from you. Tx

By: Lena

Lena — Fri, 29 Feb 2008 00:56:01 +0000

Amazing. I am speechless with how well you articulated this, Poppy. I am printing this out NOW!

You deserve a microphones and news crews!

By: Patricia

Patricia — Wed, 20 Feb 2008 10:46:17 +0000

YOU GO GIRL!

By: David

David — Mon, 18 Feb 2008 20:31:03 +0000

I WANT TO HIRE YOU TO WORK OUT MY 7 MORTGAGES! I lost my business and was paying on time for over a year! Sigh – unfortunately there’s only one of you and we need thousands.

By: marie

marie — Wed, 13 Feb 2008 23:16:31 +0000

Thanks for your post..it cleared up some things for me. I am in month 3 of an agreement to modify at the end of 6 months…..In the meantime Ive had an offer on my home….I requested payoff figures from my lender and was quite surprised that once they added fees and attorneys costs my $422,000 was now $450,000 —$28,000!!! ridiculous

By: Tom

Tom — Tue, 05 Feb 2008 05:59:49 +0000

This is good . . . goes right along with what I was saying. That price tag was too high to begin with. God bless these folks . . .

Excerpt from:

Time to reappraise system that’s all too open to abuse
By Mitchell SchnurmanStar-Telegram Staff Writer

“No place has been immune to inflating the numbers, and bad appraisals lead to bad loans,” said John Brenan, director of research and technical issues for The Appraisal Foundation, an organization authorized by Congress to set standards and qualifications for the industry.

By: Tom

Tom — Thu, 31 Jan 2008 01:50:09 +0000

I’m only kidding by the way. But good on ya!

By: Tom

Tom — Thu, 31 Jan 2008 01:49:37 +0000

Greg,

What’s your number and can you take over my account? My servicer’s name is also Greg, but I don’t think you’re him.