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  1. #1
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    Any reason someone like this wouldn't get jail time

    Unbelievable the stuff she got away with, and looks like was going to try to continue getting away with it had she not tried to renew her mortgage license.
    The first townhouse we bought, this lady was the mortgage rep for the company and we were very unhappy with her service. Looks like she struggled to make money in the biz, but figured out a way to work the system.
    'Free house' couple's earlier foreclosures are questioned | The Des Moines Register | DesMoinesRegister.com


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    Re: Any reason someone like this wouldn't get jail time

    Grifters.

    I would bet a pizza at Leaning Tower in Ankeny that the two knew about the obscure law, and she intentionally didn't sign the mortgage papers.



  3. #3
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    Re: Any reason someone like this wouldn't get jail time

    Sounds like they are trying to game the system and got caught. There is a special place reserved for scumbags like these two.


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    Re: Any reason someone like this wouldn't get jail time

    I'm pretty confident after reading the new information that the "hastily done mortgage signing at the mall" or where ever it was at was planned. Think this guy took advantage of his status as a big time builder and wives knowledge of the law to get the loan officer to "meet me now, it's the only time I have free".


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  5. #5
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    Re: Any reason someone like this wouldn't get jail time

    this is starting to get very interesting


    Quote Originally Posted by bos View Post
    I'm sitting in an milford campsite bathroom right now listening to the sirens and a guy dropping a deuce. Please god don't take me now like this.

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    Re: Any reason someone like this wouldn't get jail time

    How do you get a $400k loan on $46k of income?


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    Re: Any reason someone like this wouldn't get jail time

    Quote Originally Posted by brianhos View Post
    How do you get a $400k loan on $46k of income?
    how do you get a $600k loan on a house assessed at $300k?



  8. #8
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    Re: Any reason someone like this wouldn't get jail time

    Read the attached form from the person filing the complaint. There's not too many people they didn't owe money to.


    Exaggeration is a BILLION times worse than understating.

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    Re: Any reason someone like this wouldn't get jail time

    Quote Originally Posted by brianhos View Post
    How do you get a $400k loan on $46k of income?
    Equal opportunity housing act is how.(the true source of the housing crisis in my opinion) You don't have to prove income. I got a home loan on a house in 2000 and didn't have to provide one pay stub or tax return. People buying houses to keep up with the Jones and getting in over their heads or just assuming the interest rate won't go up.


    Last edited by fatkid1974; 03-18-2011 at 11:59 AM.
    That rug really tied the room together, did it not dude?

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  10. #10
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    Re: Any reason someone like this wouldn't get jail time

    Quote Originally Posted by fatkid1974 View Post
    Equal housing act is how.(the true source of the housing crisis in my opinion) You don't have to prove income. I got a home loan on a house in 2000 and didn't have to provide one pay stub or tax return. People buying houses to keep up with the Jones and getting in over their heads or just assuming the interest rate won't go up.
    Never heard of such a thing.



  11. #11
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    Re: Any reason someone like this wouldn't get jail time

    Quote Originally Posted by brianhos View Post
    How do you get a $400k loan on $46k of income?
    Saw this on the news the other night and I questioned why they made only 1 payment and told Jessica "watch, they only make 50k a year but were approved for a house that costs 2-3 times as much as ours cost." I knew something fishy was going on, why else make one payment then, ta-da!


    Last edited by TykeClone; 03-18-2011 at 11:57 AM. Reason: you don't want to say that in case it happens
    #BEATIOWA

  12. #12
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    Re: Any reason someone like this wouldn't get jail time

    Quote Originally Posted by 3TrueFans View Post
    Never heard of such a thing.
    My bad, I meant equal lending opportunity act and it's amendments.


    That rug really tied the room together, did it not dude?

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  13. #13
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    Re: Any reason someone like this wouldn't get jail time

    Quote Originally Posted by JY07 View Post
    how do you get a $600k loan on a house assessed at $300k?
    bogus appraisal, I'm sure the lender was charging back points and made at least 20k on the loan.

    as for how do you buy a 400k house when you make 46k?
    stated income loan


    and I'm all out of gum.

  14. #14
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    Re: Any reason someone like this wouldn't get jail time

    Slime balls.


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  15. #15
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    Re: Any reason someone like this wouldn't get jail time

    Reading yesterdays article it seemed like a couple who was hard on their luck got a break because of a technicality. Now reading this info the whole deal really stinks to high heaven.


    Last edited by jtdoyle1; 03-19-2011 at 07:47 AM.

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