It was in 2005 when the talk about new houses bought dominated Filipino gatherings. Even the single-incomeslashminimumslash wage earners can afford to buy a $ 600,000 house which originally cost $ 150,000. No down payment, low interest for the first three years. All the while it was the real estate people who were making the killing. With overpriced houses, their commissions can afford them to buy Mercedez Benz Sports Car. You pity yourself when you are a fixed income-9-5 corporate slave.
Ipapamukha pa saiyo. Kagaya ng kaibigan ko na nagkuwento na sinundo pa raw siya sa airport ng BMW. Parang gusto niyang sabihin wala kang BMW, hah. A year later, bankrupt na siya and my friend did not even bother to welcome her in her house when she made a visit. Friends!!!
A relative of a toxic person won't pick up the landline. He was applying for a home loan and the family pretended that they have a home-based business. Na wala naman. Para lang maapprove sa bangko.
Ngayon, I heard that all of the people I know (ang yayabang pa) lost their homes. Panalangin ko noon maparusahan ang mga home loan fixers. Ang daming inaway ako when I was advising some friedns not to buy if they do not have the money. Kasi ang palaging reason nila, tutubo sila pagtumaas ang halaga ng bahay. Kumita nga sila but it is not even enough to pay for interests which had gone up after the low interest-period had passed.
Ito ang balita.
The 10 suspects of confirmed Filipino ethnicity are: real-estate agents Vangeline Broyles, 46, Redwood City; Maria Comfort, 46, Daly City; Jeanie Cusing, 48, San Mateo; Wilfredo Pascual, 51, Daly City; Gina Tchikovani, 43, Redwood City; Leonora Pomar, 56, Colma; Marilyn Infante, 66, San Francisco; Norberto Agustin, 51, Daly City; John Bernabe, 42, Redwood City; and Clarin Tambot-Querimit, 29, Daly City.
US Attorney Joseph Russoniello was quoted by media as saying last week that between 2005 and 2009, the suspects were “obtaining or using false documents to submit to lenders, exaggerating [loan applicants’] income and assets, understating [their] liabilities, and providing false employment records and/or false banking information [of applicants].”
Schadler added that the loans arranged and facilitated by the accused, using fraudulent documentation, amounted to at least $10 million and have all since defaulted.