Posted by CJ on 1/30/08 11:38am
Msg #233120

Message Deleted

This message has been deleted by a forum moderator.

Reason: Generally Inappropriate

Reply by CJ on 1/30/08 11:58am
Msg #233127

P.S.

I recall signing sub-prime loans like crazy for three years until the first ones hit their PPP and adjusted (I suppose in August) and that's when the ship hit the sand. According to my calculations, THAT MEANS that we have THREE MORE YEARS of record-breaking foreclosures. No one in the news can figure that out, but I am sure most of you can. So they are going to be whining about this for three more years.

If there is anyway to make money in the next three years, it seems to be in the foreclosure market.

(If you are a newbie, this is why your phone isn't ringing.)

Reply by Merry_CA on 1/30/08 12:04pm
Msg #233128

Re: "Hispanics hit hard by subprime loans" news story

This is probably more appropriate for "Just Politics"

Reply by desktopfull on 1/30/08 12:23pm
Msg #233135

Re: "Hispanics hit hard by subprime loans" news story

"This is probably more appropriate for "Just Politics"

How do you conclude that this isn't work related? It's the main reason work is so slow now.

Reply by Merry_CA on 1/30/08 5:27pm
Msg #233186

Re: "Hispanics hit hard by subprime loans" news story

Yes work is slow because of the sub-prime loan fiasco..... not Hispanics.... they had nothing to do with it. CJ posted this for an opportunity to vent about Hispanics again. Bigotry is nauseating! MNSHO!

Reply by MichiganAl on 1/30/08 12:28pm
Msg #233139

huh? n/m

Reply by Susan Fischer on 1/30/08 12:08pm
Msg #233129

There are a zillion 'point and sign' notaries out there

who wouldn't have the first clue about describing docs and terms.

Getting a qualified notary is crap shoot; your borrowers are the lucky ones.

Reply by CJ on 1/30/08 12:27pm
Msg #233138

Rebuttals: Politics, point and sign.

Politics: You are right, it could have gone into politics, but I felt that this was intimately connected with our work. That's why I chose this forum.

Point and sign notaries: The first time I saw subprime loans, I was totally confused too. Whenever I have to call processors, I make mental notes how confusing sentances were explained to make future signings go easier. I want the borrowers to shoot or give up the target, not dwadle all day.

The most confusing sentance I ever saw was, "Your interest rate will be 7%. Thereafter, until your first payment it will be 1%." Of course the borrower would not sign that (engineer guy). The processor explained that it meant "1% until the first payment", then it jumps to 7%. But it was written so that it looked like it would go down at the first payment. I am sure you guys saw a lot of that "Thereafter until" also.

Reply by BrendaTx on 1/30/08 12:52pm
Msg #233144

Re: "Hispanics hit hard by subprime loans" news story

CJ, As usual, your posts regarding ethnicity "bothers" me. I'm sorry feel this way, but I do.

I know whites who do not marry until after the baby comes so that mom can get welfare...that's not common only to Hispanics or those other than white.

I know whites who have over extended their credit; same as above.

I know whites who file bankruptcy, whites who poor-mouth their loan choices when they waded off into it up to their hips and then cry foul.

I don't know what difference it makes to tell that there is a white male neighbor who has a latino wife. Who cares if the neighbor is white or the wife is Latino or Siberian Husky?.

I like your writing style and sometimes you have extremely wonderful advice and insight.

However, there are times when I personally feel you go overboard in discussing what races do or don't do and your posts are so biased, but it's certainly your right to do it, just like it's mine to feel negatively about it.

If Hispanics ask you why you don't speak Spanish, it is probably because they were told that you would before you got there.

You aren't the only one who has lived in a single-wide mobile home in order to create a cash only basis for yourself. I did it myself in order to get a kid through a major state university on a cash basis. However, I didn't let the close quarters of the neighbors develop a distaste for the neighbors I lived near make me sick of them.

I lived with illegals next door to me and liked some, didn't like others...just like I like some whites and don't like others for neighbors. I shared meals out of my kitchen with them and got some dang good fajita dinners out of theirs. I know about souped-up trucks, cars, expensive boom boxes and seeing new arrivals every day but...every Latino is not illegal, and every Latino is not working the system.

There's lots of white trash doing their share of it (working the system)...they are the original "offenders" that created that kind of easy system...if it weren't for them, the system wouldn't be here in the first place.

If I had my druthers...you'd lighten up on this board regarding the race thing. I'm sure I'll get taken to task for feeling that way, but it's my opinion and the way I feel about. I like you a lot CJ...I just don't feel that the language of defining all these race differences in a negative manner is the language that belongs on such a diversified professionals' board.

Reply by SueW/Tn on 1/30/08 1:06pm
Msg #233151

As usual I'm in Bren's court

Some of CJ's post has merit, many LO's promised the "3 year refi" after the PPP expired. What I've never seen and granted I'm not as experienced as everyone else BUT I've never seen a payment jump because the PPP expired. And trust me there's just as many whites that play the system, the problems lie within the system and not particularly those that play it.

That's called YOUR TAX DOLLARS AT WORK.

Reply by Calnotary on 1/30/08 1:15pm
Msg #233156

Re: "Hispanics hit hard by subprime loans" news story

Oh my god Brenda I couldn't say it better than you did. I don't know why CJ is always bringing up the race, ethinicity issue. I don't know how she was notarizing docs if borrowers did not speak English. Everybody makes their own decisions in life, I would not criticize her for leaving in a mobile home, eventhough I have never leave in one. JMHO.

Reply by CJ on 1/30/08 1:16pm
Msg #233158

Thank you Brenda

Hi Brenda,

You bring up many good points and I will consider them. (I am not being sarcastic.) I was not raised to be prejudiced, but I am tired of seeing my country invaded. My family came here legally, and they worked without getting on the dole. They also learned English. My area happens to be hispanic. If my neighborhood was turning into little Germany, I would be upset about the Germans. If white trash was working the system in my area, I would be upset about that. I play by the rules, and I don't like it when others don't.

I am not complaining that I live in a mobile home, I am saying that people don't have to live high-on-the-hog to have a good life.

It upsets me when the news keeps saying that we need to help the illegals. I don't like anyone gaming the system, no matter what their color or heritage is, even whites. (I do notice that in my area, all the homeless begging on freeways are white. I don't know why that is.) And likewise, I am grateful for honest people of integrity, also regardless of color or heritage. I think I am overwhelmed because it is in my face so much here. For example, I went to a Carl's Jr recently, and they were holding an employee's meeting in the eating area, all in Spanish. Our park manager told me that he is angry that his children call themselves "Americans" and not "Mexicans".

But I will respect what you have to say, and I will tone it down.

(Thank you for keeping your response professional too.)

Reply by bestcal on 1/30/08 2:19pm
Msg #233169

Re: "Hispanics hit hard by subprime loans" Bravo Brenda!!! n/m

Reply by ZeeCA on 1/30/08 3:19pm
Msg #233174

THX... I was just getting to respond as you did.. you said

all I would say and more

cj... I agree you have a lot to offer but this knocking the Hispanics is getting way past old

Reply by ZeeCA on 1/30/08 3:20pm
Msg #233175

Re: THX... this is in response to Brenda n/m

Reply by Susan Fischer on 1/30/08 4:11pm
Msg #233182

Many thanks, Brenda. n/m

Reply by Becca_FL on 1/30/08 7:31pm
Msg #233203

Brenda's my new hero! Thank you for saying what I couldn't. n/m

Reply by JanetK_CA on 1/31/08 12:03am
Msg #233220

My thanks to Brenda, too.

I've been wanting to comment similarly for a long while, but never seemed to have the time or energy to really express my feelings on the subject -- but you did a great job, Brenda. I live in mostly white, mostly affluent South Orange County (at least on the exterior...). And CJ, when you were describing people living beyond their means and having to have the new car, etc., etc., you could have just as well been describing many folks in S. OC, too! ;> But kudos to you for being willing to re-examine your attitudes. That takes guts.

I think most of us get upset about the freeloaders in our system. I know if I had done what many folks around here did, I would have had a much fuller life with more fun. ;> And they may end up being the ones getting the breaks and the bailouts. That's just the way it is. (Some of them also may end up losing their houses, too!) But as Brenda pointed out so well, these characteristics are not unique to any group of people or ethnicity. Your point could have been very well made without even the mention of hispanics. Most of the Spanish speaking people I do loans for are hard working, good people who contribute to our economy.

BTW, I'm also encouraged by the fact that I wasn't the only one who has been bothered by those comments.

Reply by BrendaTx on 1/31/08 6:22am
Msg #233233

I agree, Janet, with the following...

comment to CJ: **But kudos to you for being willing to re-examine your attitudes. That takes guts. **

Reply by janCA on 1/30/08 1:11pm
Msg #233155

Re: "Hispanics hit hard by subprime loans" news story

I agree with you Brenda about CJ. CJ, you have an awful lot to contribute to this board, but when your prejudices are so crystal clear, you pull yourself down into the toilet. I read your posts all the time and for the most part, you can really be a funny person. (Have you ever thought of being a stand-up comic, I think you have a natural comedic side). The generalizations about certain races, and/or ethnic groups are disturbing at best. There's good/bad everywhere and it certainly doesn't have anything to do with the color of one's skin or their nationality. You do seem to have issues with people that are different than you and it's just not becoming, IMO.

Reply by CJ on 1/30/08 1:23pm
Msg #233161

an aside about "other language" loans.

I never have used a translator, and no matter how I feel about the borrowers, I always make sure they understand the terms of the loan.

But is seems strange to me, if the borrowers did not speak English, why were the loan documents not in their own language? Even if there was a Spanish notary, the docs are still in English.

If I were in France, I would not want to sign French documents, even if I had three days to take it to a friend to read to me.

I just never understood that.

Reply by Philip Johnson on 1/30/08 4:30pm
Msg #233184

In California it seems there can be no other language loans

The site below talks about California law and if the borrower speaks a certain language his/her docs must be in that language.

http://loanworkout.org/2008/01/24/borrowers-who-negotiate-loan-terms-with-a-mortgage-broker-in-spanish-must-receive-their-loan-documents-in-spanish/

Reply by Merry_CA on 1/30/08 6:20pm
Msg #233196

Re: an aside about "other language" loans.

You are prohibited by California State Notary Law to perform a notarial act for a signer with whom you cannot communicate fully. Perhaps you could take a class in Spanish as a second language in order to do business in your neck of the woods. Se Habla Espaņol.

Reply by Merry_CA on 1/30/08 6:24pm
Msg #233198

Re: an aside about "other language" loans.

Previous post is for CJ

Reply by CaliNotary on 1/30/08 6:41pm
Msg #233201

Re: an aside about "other language" loans.

This is from CJ's first post:

"First, they demanded to know why I didn't speak spanish, though they spoke English well enough to talk to me."

Reply by christiSocal on 1/30/08 4:01pm
Msg #233179

Well. this should probably go into political too, but

I'm hooking it to this post anyway.
If you go back far enough, we're all illegal, as I'm sure the pilgrims didn't bother showing the Indians their passports on the way in! I know, I know, that was then, this is now and I do agree we need to keep our borders safe, especially in this day and age! But the problem is very complex and just kicking them all out isn't right either.

I have a friend, she is 17 and a senior in high school. She's very smart, gets mostly A's with a few B's. Her mother brought her in illegally when she was 5. Her Mom died about 3 yrs ago. She and her younger bro now live with Dad, who plans on going back to Guatemala as soon as she turns 18 (July). She wants to go to college, but She can't get a job, unless it's under the table. She can't get scholarships and she's going to be on her own soon. She doesn't remember living anywhere but here. Would it be right to kick her out?

Deportation or whatever they end up doing, HAS to be on a case by case basis as there are many reason and innocents out there.

Sorry CJ, this isn't really aimed at you, it's just something I've been worried about...

Reply by ZeeCA on 1/30/08 4:11pm
Msg #233181

Re: Christy... so sad.. I hope there is a good resolution... n/m

Reply by Susan Fischer on 1/31/08 12:58am
Msg #233225

This issue is not political. It's life. A thread in our

National fabric. And we comprise our Nation.

It's a big, global WE. We colonized, settled, and 'own' this land.

Not one person, not some King.

We grew a democracy from people all over the planet, and that is our substance.

And our workplace society, here, from all our separate lives, benefit from discussions about ourselves, which, is a necessary element of our work, and is not a partisan effort.

Therefore, I submit that the 'Just Politics,' and 'Leisure' are for other than comments and perceptions about our work-a-day world.

This thread, which, is after all, about jobs and the health of our economy, and the workers who fuel that maintneance, is intrinsic to our economic survival as SAs.

Reply by Ernest__CT on 2/1/08 1:36pm
Msg #233603

If anyone knows a Notary Signing Agent in CT whose _first_ .

... language is Spanish, then I would very much appreciate an email message or a phone call. I have had to refuse signings because I don't speak Spanish and I will refer _all_ Spanish-language work to that Notary.

One of the only signings that really, really stand out is the one that the borrowers had been told that I spoke Spanish and I had been told that the borrowers' first language was Spanish but that they understood English. When I confirmed the signing via telephone, I spoke with the borrowers' daughter _who represented herself as one of the borrowers_. She spoke English well and confirmed the signing date and location, witness, etc. When I got to the actual signing, the actual borrowers could not understand enough English to know that I was asking them to sign my journal and asking for a second form of ID. When they called their Loan Officer all of the conversation _on both sides of the conversation_ was in rapid Spanish. The Loan Officer was very unhappy that I did not speak Spanish. (Duh!) It sounded as if the firm that had made the arrangements had represented itself as having Spanish-language Notary Signing Agents. I called the firm that had hired me and told them in no uncertain terms what had happened.

Yes, I'm still trying to learn Spanish. No, I don't think I'll be able to conduct a loan signing in Spanish, but I'm surely not going to try! At least not until I can be tested by a Puerto Rican _and_ a Mexican and answer all the questions I am _legally permitted_ to answer.