The original sellers should be charged with a variety of frauds--real estate, loan fraud, etc....and I am sure they didn't declare the payments as income with the IRS.
Of course we all feel that they should, but legally they probably aren’t responsible for it, because of whatever contract they had going on. But, this is the risk you assume when you try to buy and sell on your own without real estate agents
Happy to hear the new judge stopped the foreclosure for now. I hope this woman gets to keep her home and is compensated for everything she's been through.
I wish someone would set up Go Fund Me account and just think if 70K people sent 2$ at least she could either get that house out of foreclosure or buy another one. I would love to be a part of righting this wrong.
I'm confused why the company isn't going after the people who defrauded them instead of another innocent victim of that same fraud Edit: I wrote this comment before the very end where they say the fraudsters are missing. That's the answer, no one can find them
They are. By foreclosing the home. Unfortunately, as far as the letter of the law is concerned, the scammers never officially sold the house to the woman and the company that bought the defaulted mortgage from the bank doesn't care about their reputation or public opinion, only about making a quick buck.
@@jormugand5578 the issue here is they took the mortgage *fraudulently*, they didn't scam anyone. Scams are usually legal, morally wrong, but they typically involve someone voluntarily handing over their money. Fraud is literally breaking the law, scam is convincing someone to give you money, which isn't against the law. There are very specific circumstances where lying to someone to get money from them is illegal. For example, catfishing, that's completely legal. However, if you're a company and misrepresent a product in order to get people to buy it, that's illegal. At least in the US, that is where I'm basing all this, cuz it did take place here. The former owners may not have recorded the mortgage, but that does not negate the sale. The fact is they lied to the bank that they still had ownership of the property knowing full well they did not. It's like trying to take out a mortgage on your neighbor's home, that's illegal. But let's say the bank believed you and gave you money with their house as collateral.. and the bank tries to foreclose your neighbor's house instead of going after you/ your house/assets. That's.. not legal and the bank can start to get into legal trouble as well. Unfortunately, it IS easier to try to foreclose the home, especially since it sounds like the former owners are MIA and this poor lady is an immigrant and a PoC, the law is not on her side, even though laws have clearly been broken. I predict she will be able to get the bank off her back, and they will not get their money back because the fraudsters are long gone, they will have to write it off. Boo hoo :)
@@preston74 No she was not a tenant and she is not paying rent, she is making payments for something she bought. She and the seller signed a real estate contract which clearly says she is buying the house from them and they agreed to finance it. The cops should go after those sellers for what is clearly fraud.
@@williamwilson6499 LOL The seller never showed up for multiple court hearings, so even with a default judgement, this lady is not ever going to see that money. At best, this can be turned into a criminal rather than a civil case. At least the seller might do jail time with an order of restitution, that is if they own anything.
@@u.s.militia7682 yeah, she was scammed by the owner of the house. They created a illegitimate contract that was never officially recorded by the county, title company, etc. The owner never intended to give her the house after that final payment was sent. In reality, the woman was just paying rent.
My parents purchased both homes they've owned via owner financing in the 60s and 70s. This used to be an incredibly common way to purchase a home. The seller just committed fraud and should be charged accordingly.
Never, ever buy a house from a seller who wants to carry the contract without going through a title company and getting everything in writing. This was Real Estate fraud and the Finance Company that gave the loan to the fraudsters is going to have to eat it. The fraudsters should be rotting in prison for doing this to this poor lady.
Not certain that the finance company would have any culpability here; they likely weren't even informed by the fraudsters of the unrecorded/untitled transaction that existed with Mrs. Zaragoza. In a private sale such as this one, engage a real estate attorney to look things over.
@@promotelove I agree except did the bank actually not know someone else was living there? When you take out a mortgage there is an appraisal. You sign documents saying you live there. Did they note this as an investment property? The mail typically goes to the property address in which the mortgage was taken, did she never get a statement? Why is that? Did the sellers use another address, did the bank not inquiry why if they noted it as their primary residence? If she has any shot in hell it’s going to come down to notice
@@jklfds85 the law has to have some kind of fault. They know they have people with a language barrier living here they could atleast simplify it. Even me being 30 years old and being born in this country have no idea half of what was said in this video let alone the comments of people debating about this 😭
Some people see it as begging for money like panhandlers on a street corner, my cousin is too proud to do something like this or child support. Her daughter is cared for but has had very little of her own
This woman owns that house. The banks should not be allowed to foreclose on it because the banks do not properly have interest in the house. The interest the banks have is with the original seller which is for mortgage fraud. This is 100% mortgage fraud by the seller of the house. This is a criminal matter which should not concern the current owner.
Okay you're kind of stupid. So if I got scammed by a fake Nigerian prince, the real Prince need to compensate for my loss? The seller defrauded her, she needs to collect her money back from the seller, the bank is still the rightful owner of the deed.
They need to be arrested... this is horrible 😞 ... she worked her hole life paying for her home just to lose everything?? Dear God please help this women 🙏 😢 😞 heartbreaking 💔 😢...praying for her 🙏 ❤️
She is absolutely screwed. It's not IF but WHEN she will be kicked out. ALWAYS use a title company or an attorney to close real estate. The seller should be criminally prosecuted for fraud, but the local DA likely has other priorities.
Yup. She isn't recorded as the legal owner of the property. So, by law, it isn't hers. Imagine you have a title but there's a lienholder on that title. Your hands are tied legally on what you can do unless that lienholder is removed.
Unfortunately, I highly doubt that’s how it’s done in Mexico, so she might not have known any better, which is why they probably took advantage of her, and definitely should be arrested.
We were forced into bankruptcy and a very quick move in a house we were renting when I was young after the owners of the house decided to suddenly stop making payments. It's really not fair because nothing came of the home owners.
My brother lost his house while it was being built. He had his loan with Wells Fargo and they let the contractor take out all his money. Nothing was ever done to the employee that kept releasing the money. Poor lady in this story. I pray she gets to keep her home.
I am sorry this happened to your brother and hope he reported to authorities and filed a civil suit. Wells Fargo and Bank of America are the shadiest when it comes to residential loans practices, credit insurance practices, and holding employees accountable. Edit: credit insurnace is taken out to protect the both entities. But when Clinton deregulated banking, the law changed allowing disability insurance payments to be applied to the interest instead of the principle. The home buyer would receive notification from the insurance company the claim was being paid monthly and the bank would notify receipt of the payment. The bank then waits until the period of disability is over OR until 6 months to 1 year goes by to notify the mortgage principle has not been paid and foreclosure proceeding have begun. All legal. The bank will not allow an equity loan or extend credit citing the mortgage debt defaulted on makes the home buyer a poor credit risk. Bank of America was the worst at this. You may remember all the foreclosures going on following 9/11? This completely legal banking practice was one major reason.
This is just heart breaking! How does that couple sleep at night knowing what they have done. They should have to sell everything they own to pay for not only the second mortgage but to compensate this precious lady. I'm glad her boys have her back and making sure she will have a place to stay if things don't go the way they should. ❤️
How does the multi millionaire sleep at night after he sold me, a disabled Veteran, a house with mold and a non functioning heating and cooling system? He sleeps very well because he knows I can't afford to fight him in court. I'm 70 and now I have nothing.
I will tell you what is heartbreaking..................Here in America for 60 years and can't speak ENGLISH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! That is heartbreaking!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
@@Heart2HeartBooks seriously though, that's a sense of entitlement right there. "I moved to a country but I choose not to speak or learn the national language because everyone should conform to me"
There should be absolutely no reason the sellers of this home shouldn’t go to prison! Absolutely a felony to steal from this poor lady. BUYERS BEWARE OF OWNER CARRIED CONTRACTS, THEY SHOULD ALWAYS INCLUDE TITLE INSURANCE AND CLOSE WITH A TITLE OR ESCROW COMPANY SO THEY ARE RECORDED WITH THE COUNTY! Thank goodness this attorney stepped forward to assist her, praying for a positive resolve.
May nothing go right for the former owners and the banks until they do right by that hardworking mom. I send her my wishes that everything works in her favor.
Criminal charges should have been filed immediately! She needs protection. Clearly she paid in good faith. Charge the original owner separately and leave this good woman alone
That's the bank's home. They own the title until it is cleared and transferred. She got scammed by the seller, she owns nothing for being cheap and stupid, who buys a house without a real estate agent?
She is a hard working American. She deserves justice and reconciliation. Praying that they do the right thing. New do business with Wells Fargo. A terrible bank and institution.
The Man and woman that took out the loan on a house that they knew they had sold need to be made to sell what they own to pay that loan off so this lady doesn't lose her home. 🤬🙄 Shame on you two! How can you sleep at night after doing this woman this like this!???
The scumbags that did this should be held criminally responsible. When you're dealing with that much money how can it not be illegal to do what they did! I don't know this woman or her family and I can honestly say I am mad as hell! I hate when people are taken advantage of and there's nothing worse than a criminal and that's what these people are. I don't understand how the district attorney's office has not been involved in this case. I hope this News Network update this story on what the outcome of this is. I could not imagine living day by day thinking I would have to leave my home.
Well, my mother-in-law did that to my husband and me. They verbally agreed when he was 19 years old to buy one of his mom's property and just make the payments to her. Twenty-five years later, when the house supposes to be paid off, we found out that she was taking loans after loans on our house. Crazy how we can't even trust our own family our own blood. From now on, we learn to have everything on paper with our lawyer's help. Back in the day, the house was 100,000 thousand dollars, and recently we still had to pay about 90,000 to put the house in our name...on top of that, she didn't want to do it. We put the house on our name, sold it, bought a new one, and to this day, she swears that we have our new big home because of her. My husband made the payments on the house from day one. All she did was use our house like her piggy bank and dare to go around saying that she got our new home. There are mean people out there, so yeah, always hire a lawyer to ensure people don't screw you over. We may be traumatized by this but look what happened to this poor lady.
I've used by owner twice, both buying and selling with never any issues whatsoever. The mistake here was not having it recorded by the county. If you do it all correctly, there is no issue and Owner Carry is the best real estate transaction of all, saving thousands of dollars in bank and realtor fees.
There needs to be something we can do for this lady, please let us know what we can do. She us what our country is all about and she deserves to live Out her life in peace!
Fight, Fight for this lady who worked all of her life to afford a home legally, as to her understanding and sale agreement signed by all parties at the beginning of sale. While in the legal sector of foreclosures worked years past in So CA, this unfortunate situation was something that happened more often then not. May the DA office step in and work on behalf of this lady, so that she may keep her home; And, file criminal charges if any, that defrauded the Sale Agreement.
This is absolutely heartbreaking!! All of her money that she put into that house! Her hard working money! I am so glad that Legal Aide is helping! Thank you for posting this story!! I hope you keep us posted. Big hugs to this woman!!🤗🤗🙏
This is awful! I feel for her so much. I can’t imagine. How could someone do something like this to someone. No! This is WRONG! Image this happening to you or to your family. They should definitely go for criminal charges. Wow!
I've been bamboozled like this, well no where near the extent that this poor woman was scammed but I've been in a situation where my ex and I were looking for a place to rent in a VERY small town off the highway in Indiana BC we both got placed at a job there. We weren't familiar with the area but we found a ad in the classifieds section of the local newspaper. We met the owner of the property and checked it out, he was wanting to rent it 2 us. So a few days later we gave him the security deposit & 1st month's rent & started moving in. The 2nd day we noticed an issue with the plumbing in the house. No running water, so we contacted him & he said he hadn't gotten the water turned back on yet since the place has been empty for a few years. So that we would have to wait no longer then a week that he would go to the water company & get it turned on. (Since utilities were supposed to be included in our rent payments). So a week goes by & we were sooooo READY for the water to get turned on since that meant we had to buy alot of gallons of water to use the toliet, do dishes or cook...ect. After a week we called him a few times with no answer, so my ex started texting him asking about the water & if we can just get it turned on in our names BC it's HARD to not have water for that long. Can't shower, flush the toliet ect. And he finally texts us back & says he paid the water bill & they're due to be there anytime to turn it on & that he wasn't sure why it took sooo long. A few more weeks go by & NOTHING no water no response from the landlord. It wasn't until a neighbor stopped us outside and asked if we were really living there. We said yes? He said how's the plumbing? We said we don't know and explained what was going on with the landlord. And that's when the neighbors told us that a few years ago there was a discrepancy about the water lines and whose property they were on and i guess there was flooding in the neighbors yards and that the owner of the house got sued and the neighbors ended up digging out the water lines & plumbing out of THEIR property bc they were tired of the flooding & that the plumbing shouldn't of been under their property. So, the owner who moved us in KNEW THIS OBVIOUSLY since the neighbors told us that our "landlord" used to live in the house until the plumbing was dug up & taken out. So basically he just stiffed us & knew there would be no plumbing BC it wasn't even possible unless he wanted to put in a whole new plumbing system... So Ig he just wanted a easy payday (our Security deposit, 1st month's rent, & by the time we were told the truth from our neighbors, we had paid 2nd months rent. ) and after all that time confronted the landlord (via text since we didn't know where he lived & he wouldn't answer the phone) & he said nothing. And he even had the audacity to text & ask for RENT for the 3rd month... thankfully a different landlord that lived in this very small town heard what had happend & what the dude did to us she, had a rental a few blocks away which was ALOT nicer then the place we were scammed into. She approached us, and offered to move us in and she didn't want any security deposit and gave us a deal on 1st month's rent. (Though we got scammed pretty bad, there's still some good people in the world like the lady that was kind to us BC she had heard from others in the town that the landlord had scammed us)
I lived in NM for quite awhile. The Latino population is very pleasant and respectful. However, their non-confrontational personality can cause problems!! They truly are a lovely people!!
I agree 100%. I retired here 9 years ago from Chicago, landlords get away with so much. Their attitude is what are you going to do about it? I do alot of maintenance and minor repairs on my own uncompensated
@@brucekrause2801 I hope you like NM, I really liked it myself but returned to Buffalo, NY (family issues). Buffalo has the same crazy winters as Chicago, great lakes are mean in the winter. Thanks for your response. Best wishes from upstate NY!!
2:02 - what was said previous to this , will make this case very difficult, but , MAN! - u sure have to watch ur backside, for sure, hope that other lady gets arrested, cuz of that loan she pursed.
What a nightmare! The original sellers should be held accountable! They fraudulently sold to her, knowing they were going to take out a new mortgage on the house. They are the ones who should be in default!! I truly wish Ms. Zaragosa all the best. It’s a further shame that the courts keep jerking this lady around, when they know she’s not responsible😡.
Someone should set up a go fund me so she can pay off the vultures who bought the foreclosure in bulk, and the thieves who took a loan against the house after selling it should be in jail for life. But it's also a warning to never buy a rent to own or from a private seller unless you also go thru their bank and an attorney.
Wells Fargo and those who are stealing families' homes will face God. This happened to me. Also, I never used my equity from the home. I lived in my home for 11 years and received less than what I should have. Although I forgave all those who stole my home, I know in my heart everyone had to pay for what they do. God, Bless, and may it all work out for you.
Well Fargos is worst! My parent’s home was under Well Fargo before for 10 years it was bad but lucky the other bank SPS bought our home from Well Fargo so we are happy about it.
I feel her pain! You can't trust people. My grandparents bought land based off someone's word being their bond. Years later someone got it based on lies! People who do this have a special place in hell!!
I learned more Spanish in 1 year as an exchange student than this woman has learned English in 4 decades in the USA? Contracts in each country are written and enforced in the language of the land. Trying to think of a reason to pity her.
The sellers, "another Spanish speaking couple", have fled to Mexico or other South American countries with all that money and they are long gone. Wishing her luck.
Let the punishment fit the crime! These people took advantage of her ignorance, and deserve prosecution! If not here, they will have to deal with their maker when the books are opened! Better justice here, then there😭!
This happened to my step father. He was paying on a land contract and sending in all his payments when they came knocking on his door. Turns out the owner was a drunk-wino and never made a single payment. They the owner and my stepfather did a short sale to a real estate company to try and recover some money. He ended up loosing the house.
In life it seems like this happens a lot. You work hard, you do something right till the end and get that sense of gratification that all your hard work paid off only to find somehow, something caused it all to be undone while someone who cheated the system went right by you.
I bought an owner-financed property, but everything-even the payments-went through a title company. I fear that she is totally screwed. This couple should face criminal charges.
This is so sad! I hope the mortgage company and courts' work with this women. If there is anyone to blame it's the people who sold her the house. This is fraud and the the seller needs to pay the price and do the right thing or go to jail. Sending positive vibes that it all works out for this hardworking woman.
Wishing nothing but the best for this woman and her family. She was obviously defrauded. Shameful. She has good kids because she is a good mom. Love and light.
Sixty years in this country and never learning English did her a disservice. She’s too nice, I could see how she could get scammed easily between her kindness and lack of being able to communicate. So sad.
She does know some English but her English isn’t good enough so she has someone to help her. Nothing wrong with that. My dad has been here in the states for 20+ years and his English isn’t good at all what do ever. He’s tried and tried and tried
No! We cannot let this happen. Start a go fund me or petition a local congressman. This women contributed to the American dream and cannot fall victim to a con.
This is fraud . The original sellers , should do jail time . This is happening to a friend of mine in NJ . The County is pressing " felony fraud " . Now the sellers want to " negotiate " . When he gets his home and accepts a settlement . The fraudsters will still have to deal with the courts . 😎
This is infuriating! I'm glad it's getting attention. Praying she keeps her home she worked so hard for. Shame on those fraudsters, hope justice is served.
If you want to help this woman, call the District Attorney (Prosecutor) in the county where happened and demand that the prosecute the "seller" of this home for financial fraud against an elder. (Assuming NM has an enhancement statute for fraud against an elder person.
Arguably, this seller also committed mortgage fraud against the lender by not disclosing the sales agreement and significant funds received from the buyer, which was a liability on the seller's financial statement and a potential future lien against the property.
This happened to me in Ca. I purchased a home ( first time home buyer) from a couple. We agreed on a price and I gave them $25,000 down with the balance due within 36 months by either obtaining a loan or cash. A month in And I knew I was dealing with fraudulent people. Only 4 months later, and I got financing and bought them out. In that short time, they took out a HELOC for 30,000.00. They broke into the property during a weekend I was away and barricaded the property with chain’s and dogs so I was unable to enter. I had no idea who these people were that took over my home and later found out it was the sellers family members. Of course I called the cops and the trespassers were producing false rental contracts etc. after hours and hours of my kids and I literally locked outside of our home and the cops finally sending a competent officer to review my notarized contract, my cashiers check (down payment), monthly payments directly to the mortgage company, text & emails, it was determined I was the rightful owner. They were forced to leave and once inside, I see the extensive damage they caused. When I bought them out for the balance I owed I also had to pay the additional 30,000 loan they took out because they refused to pay it and so now I had to qualify for a bigger loan But I was already in 25k hard cash (all my savings) so I couldn’t walk away. As of right now, I’m still hoping to sue them.
Sellers committed fraud by taking out a mortgage on a home they already sold to someone else. They should not take the home of a 3rd party who owns the home by all intents and purposes.
I agree that she should keep the home but because the sale wasn’t done through a lawyer or real estate agent, and the sale was never recorded, legally she does not own the home. It’s like buying a car and never registering it, never transferring the title, having it towed because the seller lied and said it was paid off and then getting mad at the financing company for repossessing the car. Unfortunately this woman didn’t seek any sort of professional guidance when making the purchase and she will have to take the sellers to court to try to recoup the money she’s paid for the home. I’m hoping that the sellers have other property that can be liquidated so this woman can get her money back. I do feel very bad for her and if I had any money to share I’d love to help her.
I hear about things like this more and more. People show up to an area with hopes of a home so opportunists throw law abiding citizens to the wolves in getting more money. Its disgusting people are that greedy. This is being done all over the country. Keep your inner circle close but strangers in your periphery. They are there and waiting for a weak moment.
How has she been in this country since the 1960's and still can't speak English? That must be difficult for her. I hope she comes out okay. So sorry for her situation.
Hopefully some family members will also put a Go Fund Me account together for her. God bless the attorney and U tube for bringing this sad story to light. Do the best you can and let God do the rest.
I feel so bad for this lady , for basically her money to be going to this lowkey individual who broke a contract. Shit you better go find this thieves and make them pay all that money back .
The original sellers should be charged with a variety of frauds--real estate, loan fraud, etc....and I am sure they didn't declare the payments as income with the IRS.
You’re very right!
Oh you know for a fact they behind they taxes
That's years in prison, and they deserve it!!!
Of course we all feel that they should, but legally they probably aren’t responsible for it, because of whatever contract they had going on. But, this is the risk you assume when you try to buy and sell on your own without real estate agents
@@dylandempsey Even if the contract was drawn fraudulently?
Happy to hear the new judge stopped the foreclosure for now. I hope this woman gets to keep her home and is compensated for everything she's been through.
Compensated by who? She got scammed by the seller and she expects the bank to give her the house?
The owners committed fraud, the bank is not responsible. Hopefully the owners are charged accordingly.
I wish someone would set up Go Fund Me account and just think if 70K people sent 2$ at least she could either get that house out of foreclosure or buy another one. I would love to be a part of righting this wrong.
@@DharmareneeOr better yet, prosecute the scammer and sell all their properties to pay back the original amount she paid.
A fool and their money are soon parted. Or should I say: "Una tonta y su dinero se separan pronto."?
I'm confused why the company isn't going after the people who defrauded them instead of another innocent victim of that same fraud
Edit: I wrote this comment before the very end where they say the fraudsters are missing. That's the answer, no one can find them
The bank is owed money from owner of property and they are taking back the house. They have nothing to do with the victim, who is a tenant.
@@preston74 I don’t think she counts as a tenant since she wasn’t renting
They are. By foreclosing the home. Unfortunately, as far as the letter of the law is concerned, the scammers never officially sold the house to the woman and the company that bought the defaulted mortgage from the bank doesn't care about their reputation or public opinion, only about making a quick buck.
@@jormugand5578 the issue here is they took the mortgage *fraudulently*, they didn't scam anyone. Scams are usually legal, morally wrong, but they typically involve someone voluntarily handing over their money. Fraud is literally breaking the law, scam is convincing someone to give you money, which isn't against the law. There are very specific circumstances where lying to someone to get money from them is illegal. For example, catfishing, that's completely legal. However, if you're a company and misrepresent a product in order to get people to buy it, that's illegal. At least in the US, that is where I'm basing all this, cuz it did take place here.
The former owners may not have recorded the mortgage, but that does not negate the sale. The fact is they lied to the bank that they still had ownership of the property knowing full well they did not. It's like trying to take out a mortgage on your neighbor's home, that's illegal. But let's say the bank believed you and gave you money with their house as collateral.. and the bank tries to foreclose your neighbor's house instead of going after you/ your house/assets. That's.. not legal and the bank can start to get into legal trouble as well. Unfortunately, it IS easier to try to foreclose the home, especially since it sounds like the former owners are MIA and this poor lady is an immigrant and a PoC, the law is not on her side, even though laws have clearly been broken. I predict she will be able to get the bank off her back, and they will not get their money back because the fraudsters are long gone, they will have to write it off. Boo hoo :)
@@preston74 No she was not a tenant and she is not paying rent, she is making payments for something she bought. She and the seller signed a real estate contract which clearly says she is buying the house from them and they agreed to finance it. The cops should go after those sellers for what is clearly fraud.
This makes me furious! She should sue that seller that took out a mortgage on her home AFTER she’s signed a promissory note.
This type of scum (seller) usually has nothing on record to sue for. It’s like squeezing blood from a turnip. The victim has no protection and loses
Yes she should
She never should have purchased through private in the first place. I think there is more to this story
Yeah, that’ll work.
@@williamwilson6499 LOL The seller never showed up for multiple court hearings, so even with a default judgement, this lady is not ever going to see that money. At best, this can be turned into a criminal rather than a civil case. At least the seller might do jail time with an order of restitution, that is if they own anything.
Every homeowner in the community should get behind this woman and support her any way possible because they could be next.
She was foolish to fall for a scam unfortunately.
@@pennysunshine5261 scam? A contract was signed. The seller is responsible not the buyer.
@@u.s.militia7682 yeah, she was scammed by the owner of the house. They created a illegitimate contract that was never officially recorded by the county, title company, etc. The owner never intended to give her the house after that final payment was sent. In reality, the woman was just paying rent.
@@pennysunshine5261 she said she has a contract signed by a notary. That’s legal.
@@u.s.militia7682 the notary was probably in it with the home owner too since it was never recorded by the county as the news reported.
My parents purchased both homes they've owned via owner financing in the 60s and 70s. This used to be an incredibly common way to purchase a home. The seller just committed fraud and should be charged accordingly.
If a person buys a home with owner financing........File the MF paperwork at the County.......
Never, ever buy a house from a seller who wants to carry the contract without going through a title company and getting everything in writing. This was Real Estate fraud and the Finance Company that gave the loan to the fraudsters is going to have to eat it. The fraudsters should be rotting in prison for doing this to this poor lady.
Not certain that the finance company would have any culpability here; they likely weren't even informed by the fraudsters of the unrecorded/untitled transaction that existed with Mrs. Zaragoza.
In a private sale such as this one, engage a real estate attorney to look things over.
@@promotelove That just shows you how screwed this world is, if someone has to justify this situation...
@@promotelove I agree except did the bank actually not know someone else was living there? When you take out a mortgage there is an appraisal. You sign documents saying you live there. Did they note this as an investment property? The mail typically goes to the property address in which the mortgage was taken, did she never get a statement? Why is that? Did the sellers use another address, did the bank not inquiry why if they noted it as their primary residence? If she has any shot in hell it’s going to come down to notice
The sellers are probaby hiding out in Mexico .
The sellers are probaby hiding out in Mexico .
That's called fraud and that house is hers. Those people need to be in prison. If the law here is this nonsensical how is nothing ever changed.
The law here is not at fault. The lack of this lady's KNOWLEDGE of the law is what caused her to fall for this fraud. Knowledge is Power!!
@@jklfds85 the law has to have some kind of fault. They know they have people with a language barrier living here they could atleast simplify it. Even me being 30 years old and being born in this country have no idea half of what was said in this video let alone the comments of people debating about this 😭
Sue the seller!!! This is absolutely terrible!! Set up a Go Fund Me!!
yes because using other people's money is a great idea😊
@@frankiethebull8269 Some people don't mind helping others.
Looking for a gofundme as well! I would think her kids would have thought of it?! No?
Some people see it as begging for money like panhandlers on a street corner, my cousin is too proud to do something like this or child support.
Her daughter is cared for but has had very little of her own
Yes
This is just so wrong to treat an elderly lady this way. I pray she can get title to her home and that this is all cleared up.
She wasn’t elderly when she brought the home.
Wrong to do to anyone
The bank has the lien. The Real owners didn't make payments. The property is now the bank.
This woman owns that house. The banks should not be allowed to foreclose on it because the banks do not properly have interest in the house. The interest the banks have is with the original seller which is for mortgage fraud. This is 100% mortgage fraud by the seller of the house. This is a criminal matter which should not concern the current owner.
Okay you're kind of stupid. So if I got scammed by a fake Nigerian prince, the real Prince need to compensate for my loss? The seller defrauded her, she needs to collect her money back from the seller, the bank is still the rightful owner of the deed.
Yes
Fraud
Sounds like she rented it, to me. The original owner just took advantage because of her situation.
Banks dont give a fuck if you are dying of cancer or terminally ill !! If you owe!! You owe
They need to be arrested... this is horrible 😞 ... she worked her hole life paying for her home just to lose everything?? Dear God please help this women 🙏 😢 😞 heartbreaking 💔 😢...praying for her 🙏 ❤️
She is absolutely screwed. It's not IF but WHEN she will be kicked out. ALWAYS use a title company or an attorney to close real estate.
The seller should be criminally prosecuted for fraud, but the local DA likely has other priorities.
Yup. She isn't recorded as the legal owner of the property. So, by law, it isn't hers. Imagine you have a title but there's a lienholder on that title. Your hands are tied legally on what you can do unless that lienholder is removed.
Probably has money or stock in the repo company
Hopefully she has a copy of every payment
Unfortunately, I highly doubt that’s how it’s done in Mexico, so she might not have known any better, which is why they probably took advantage of her, and definitely should be arrested.
We were forced into bankruptcy and a very quick move in a house we were renting when I was young after the owners of the house decided to suddenly stop making payments. It's really not fair because nothing came of the home owners.
My brother lost his house while it was being built. He had his loan with Wells Fargo and they let the contractor take out all his money. Nothing was ever done to the employee that kept releasing the money. Poor lady in this story. I pray she gets to keep her home.
That's when lives would be lost.
I am sorry this happened to your brother and hope he reported to authorities and filed a civil suit. Wells Fargo and Bank of America are the shadiest when it comes to residential loans practices, credit insurance practices, and holding employees accountable.
Edit: credit insurnace is taken out to protect the both entities. But when Clinton deregulated banking, the law changed allowing disability insurance payments to be applied to the interest instead of the principle. The home buyer would receive notification from the insurance company the claim was being paid monthly and the bank would notify receipt of the payment. The bank then waits until the period of disability is over OR until 6 months to 1 year goes by to notify the mortgage principle has not been paid and foreclosure proceeding have begun. All legal. The bank will not allow an equity loan or extend credit citing the mortgage debt defaulted on makes the home buyer a poor credit risk. Bank of America was the worst at this. You may remember all the foreclosures going on following 9/11? This completely legal banking practice was one major reason.
This is just heart breaking! How does that couple sleep at night knowing what they have done. They should have to sell everything they own to pay for not only the second mortgage but to compensate this precious lady. I'm glad her boys have her back and making sure she will have a place to stay if things don't go the way they should. ❤️
How does the multi millionaire sleep at night after he sold me, a disabled Veteran, a house with mold and a non functioning heating and cooling system? He sleeps very well because he knows I can't afford to fight him in court. I'm 70 and now I have nothing.
No.............this is just plain stupidity. Why did she not use a lawyer to buy that house?
I will tell you what is heartbreaking..................Here in America for 60 years and can't speak ENGLISH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
That is heartbreaking!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
@@alanunderwoodsr8622 where do you live good Sir?
@@Heart2HeartBooks seriously though, that's a sense of entitlement right there.
"I moved to a country but I choose not to speak or learn the national language because everyone should conform to me"
How have the previous homeowners not been criminally charged at this point...
Because New Mexico is run by democrats and they support criminals.
There should be absolutely no reason the sellers of this home shouldn’t go to prison! Absolutely a felony to steal from this poor lady.
BUYERS BEWARE OF OWNER CARRIED CONTRACTS, THEY SHOULD ALWAYS INCLUDE TITLE INSURANCE AND CLOSE WITH A TITLE OR ESCROW COMPANY SO THEY ARE RECORDED WITH THE COUNTY!
Thank goodness this attorney stepped forward to assist her, praying for a positive resolve.
She actually should be the legal owner of the home. They should be charged for fraud.
May nothing go right for the former owners and the banks until they do right by that hardworking mom. I send her my wishes that everything works in her favor.
My parents suffered from a scam similar to this in Las Cruces and lost their home. It's sad. I hope this lady gets to keep her home.
@David Chavez about a decade ago
I sure hope that this lady gets justice and the people that defrauded her pay for the anguish they are causing her.
Criminal charges should have been filed immediately! She needs protection. Clearly she paid in good faith. Charge the original owner separately and leave this good woman alone
Too bad none of the high power attorneys offices stepped in for good publicity, it would have been an open and shut case win for her
@@meganroberts8721 agree
so sad praying for her and her family to get justice
Thats not right. Thats her home. Totally messed up..
That's the bank's home. They own the title until it is cleared and transferred. She got scammed by the seller, she owns nothing for being cheap and stupid, who buys a house without a real estate agent?
She is a hard working American. She deserves justice and reconciliation. Praying that they do the right thing. New do business with Wells Fargo. A terrible bank and institution.
The Man and woman that took out the loan on a house that they knew they had sold need to be made to sell what they own to pay that loan off so this lady doesn't lose her home. 🤬🙄 Shame on you two! How can you sleep at night after doing this woman this like this!???
The scumbags that did this should be held criminally responsible. When you're dealing with that much money how can it not be illegal to do what they did! I don't know this woman or her family and I can honestly say I am mad as hell! I hate when people are taken advantage of and there's nothing worse than a criminal and that's what these people are. I don't understand how the district attorney's office has not been involved in this case.
I hope this News Network update this story on what the outcome of this is. I could not imagine living day by day thinking I would have to leave my home.
Well, my mother-in-law did that to my husband and me. They verbally agreed when he was 19 years old to buy one of his mom's property and just make the payments to her. Twenty-five years later, when the house supposes to be paid off, we found out that she was taking loans after loans on our house. Crazy how we can't even trust our own family our own blood. From now on, we learn to have everything on paper with our lawyer's help. Back in the day, the house was 100,000 thousand dollars, and recently we still had to pay about 90,000 to put the house in our name...on top of that, she didn't want to do it. We put the house on our name, sold it, bought a new one, and to this day, she swears that we have our new big home because of her. My husband made the payments on the house from day one. All she did was use our house like her piggy bank and dare to go around saying that she got our new home. There are mean people out there, so yeah, always hire a lawyer to ensure people don't screw you over. We may be traumatized by this but look what happened to this poor lady.
I dont like ur mother in law. Hope u are far far away from that EVIL bizth
Note to self: Never buy a foresale by owner home.
This is absolutely horrible. Praying for justice for this lovely lady who was burned.
I've used by owner twice, both buying and selling with never any issues whatsoever. The mistake here was not having it recorded by the county. If you do it all correctly, there is no issue and Owner Carry is the best real estate transaction of all, saving thousands of dollars in bank and realtor fees.
Nothing wrong with buying a FSBO. Unfortunately, this victim didn't recognized all the red flags.
For sale by owner is ok...no leal disclosure...just make sure all the paperwork is in order
How is the previous owner not charged with fraud or something? She defrauded this woman AND the bank.
There needs to be something we can do for this lady, please let us know what we can do. She us what our country is all about and she deserves to live Out her life in peace!
This story was 12 years ago
Please Lord help her. 🙏 🥺
I wanna cry for her. Them ppl should be locked up for fraud.
Or sell all their belonging (if they have any) and give the money back to the person who was being scammed.
Fight, Fight for this lady who worked all of her life to afford a home legally, as to her understanding and sale agreement signed by all parties at the beginning of sale. While in the legal sector of foreclosures worked years past in So CA, this unfortunate situation was something that happened more often then not. May the DA office step in and work on behalf of this lady, so that she may keep her home; And, file criminal charges if any, that defrauded the Sale Agreement.
Yes especially for what she had to do to afford it. Home health isn’t easy!!
This is absolutely heartbreaking!! All of her money that she put into that house! Her hard working money! I am so glad that Legal Aide is helping! Thank you for posting this story!! I hope you keep us posted. Big hugs to this woman!!🤗🤗🙏
The home needs to be sold to this lady for a dollar then go after the original owners who have defrauded everyone and make them homeless and broke.
This is one of those situations where I wish I was extremely wealthy so I could pay for this woman’s home and let her live her life in peace.
This is insane. May God bless her.
So they stole her 💰 money
And committed fraud...
She has proof...
This is awful! I feel for her so much. I can’t imagine. How could someone do something like this to someone. No! This is WRONG! Image this happening to you or to your family. They should definitely go for criminal charges. Wow!
Stay away from seller financed homes as well as lease option to buy homes. These are avenues for scammers.
I've been bamboozled like this, well no where near the extent that this poor woman was scammed but I've been in a situation where my ex and I were looking for a place to rent in a VERY small town off the highway in Indiana BC we both got placed at a job there. We weren't familiar with the area but we found a ad in the classifieds section of the local newspaper. We met the owner of the property and checked it out, he was wanting to rent it 2 us. So a few days later we gave him the security deposit & 1st month's rent & started moving in. The 2nd day we noticed an issue with the plumbing in the house. No running water, so we contacted him & he said he hadn't gotten the water turned back on yet since the place has been empty for a few years. So that we would have to wait no longer then a week that he would go to the water company & get it turned on. (Since utilities were supposed to be included in our rent payments). So a week goes by & we were sooooo READY for the water to get turned on since that meant we had to buy alot of gallons of water to use the toliet, do dishes or cook...ect.
After a week we called him a few times with no answer, so my ex started texting him asking about the water & if we can just get it turned on in our names BC it's HARD to not have water for that long. Can't shower, flush the toliet ect. And he finally texts us back & says he paid the water bill & they're due to be there anytime to turn it on & that he wasn't sure why it took sooo long. A few more weeks go by & NOTHING no water no response from the landlord. It wasn't until a neighbor stopped us outside and asked if we were really living there. We said yes? He said how's the plumbing? We said we don't know and explained what was going on with the landlord. And that's when the neighbors told us that a few years ago there was a discrepancy about the water lines and whose property they were on and i guess there was flooding in the neighbors yards and that the owner of the house got sued and the neighbors ended up digging out the water lines & plumbing out of THEIR property bc they were tired of the flooding & that the plumbing shouldn't of been under their property. So, the owner who moved us in KNEW THIS OBVIOUSLY since the neighbors told us that our "landlord" used to live in the house until the plumbing was dug up & taken out. So basically he just stiffed us & knew there would be no plumbing BC it wasn't even possible unless he wanted to put in a whole new plumbing system... So Ig he just wanted a easy payday (our Security deposit, 1st month's rent, & by the time we were told the truth from our neighbors, we had paid 2nd months rent. ) and after all that time confronted the landlord (via text since we didn't know where he lived & he wouldn't answer the phone) & he said nothing. And he even had the audacity to text & ask for RENT for the 3rd month... thankfully a different landlord that lived in this very small town heard what had happend & what the dude did to us she, had a rental a few blocks away which was ALOT nicer then the place we were scammed into. She approached us, and offered to move us in and she didn't want any security deposit and gave us a deal on 1st month's rent. (Though we got scammed pretty bad, there's still some good people in the world like the lady that was kind to us BC she had heard from others in the town that the landlord had scammed us)
It’s the nerve that he asked for 3rd months rent. Some people are so shameless smh
I lived in NM for quite awhile. The Latino population is very pleasant and respectful. However, their non-confrontational personality can cause problems!! They truly are a lovely people!!
I agree 100%. I retired here 9 years ago from Chicago, landlords get away with so much. Their attitude is what are you going to do about it? I do alot of maintenance and minor repairs on my own uncompensated
@@brucekrause2801 I hope you like NM, I really liked it myself but returned to Buffalo, NY (family issues). Buffalo has the same crazy winters as Chicago, great lakes are mean in the winter. Thanks for your response. Best wishes from upstate NY!!
That's sad....never trust anyone....never
The sellers are essentially fraudster that belong in court with felony theft charges too.
The seller committed fraud That lady deserves it 20k down No missed payments Etc.
This is criminal!
Please Lord Jesus help this woman and send comfort through the Holy Spirit
God doesn't help with material earthly possessions😊
That's why it's important to have representation. For home buyers it's free!
2:02 - what was said previous to this , will make this case very difficult, but , MAN! - u sure have to watch ur backside, for sure, hope that other lady gets arrested, cuz of that loan she pursed.
Poor lady. I hope she doesn't lose her home
& hope she gets justice. 🙏🏼❤🙏🏼
What a nightmare! The original sellers should be held accountable! They fraudulently sold to her, knowing they were going to take out a new mortgage on the house. They are the ones who should be in default!! I truly wish Ms. Zaragosa all the best. It’s a further shame that the courts keep jerking this lady around, when they know she’s not responsible😡.
Someone should set up a go fund me so she can pay off the vultures who bought the foreclosure in bulk, and the thieves who took a loan against the house after selling it should be in jail for life.
But it's also a warning to never buy a rent to own or from a private seller unless you also go thru their bank and an attorney.
This is why you buy a home properly using an escrow company and have the title in your name. not the bullshit that this lady went with.
Yup it’s her fault
The sellers need to be charged!! Everything they did to her is totally illegal!!
I wish they would start a Gofundme. I’m sorry this happened to you ma’am. You did not deserve this.
People are so shity these days
Well that was years ago, so people have always been shitty
Wells Fargo and those who are stealing families' homes will face God. This happened to me. Also, I never used my equity from the home. I lived in my home for 11 years and received less than what I should have.
Although I forgave all those who stole my home, I know in my heart everyone had to pay for what they do. God, Bless, and may it all work out for you.
Well Fargos is worst! My parent’s home was under Well Fargo before for 10 years it was bad but lucky the other bank SPS bought our home from Well Fargo so we are happy about it.
This is a contract for deed situation. NEVER DO THIS...without an attorney.
The court simply needs to start accepting the contracts entered into evidence.
@@joshuahudson2170 I agree on principle, however, many are written so poorly sometimes its best to just walk away. Or hire an attorney.
I feel her pain! You can't trust people. My grandparents bought land based off someone's word being their bond. Years later someone got it based on lies! People who do this have a special place in hell!!
I learned more Spanish in 1 year as an exchange student than this woman has learned English in 4 decades in the USA? Contracts in each country are written and enforced in the language of the land. Trying to think of a reason to pity her.
I was thinking the same exact thing.
The sellers, "another Spanish speaking couple", have fled to Mexico or other South American countries with all that money and they are long gone. Wishing her luck.
So, press charges anyway and file for extradition. Make them nervous if they ever approach the border again.
Brings tears to my eyes a woman just trying to be apart of the American dream hopefully everything works out
I’m happy to see someone is helping this woman. Thank you
Just despicable what those sellers did.
Moral of the story, don't trust someone just because they look and sound like you and your family.
That mortgage company can let this go and sue the original owners. They won't lose sleep.
Let the punishment fit the crime! These people took advantage of her ignorance, and deserve prosecution! If not here, they will have to deal with their maker when the books are opened! Better justice here, then there😭!
Been here since the sixties and never learned English?!?
🤔🤷♀️
And ? What's your point?
Yet she was able to work hard and a buy a home while English speaking individuals are homeless begging for money, cry me a River .
That is so so sad. 🙏 I hope this woman gets what she deserves. Her home. And peace!
This happened to my step father. He was paying on a land contract and sending in all his payments when they came knocking on his door. Turns out the owner was a drunk-wino and never made a single payment. They the owner and my stepfather did a short sale to a real estate company to try and recover some money. He ended up loosing the house.
I hope they find a way for her to keep her home! 🙏🏼
In life it seems like this happens a lot. You work hard, you do something right till the end and get that sense of gratification that all your hard work paid off only to find somehow, something caused it all to be undone while someone who cheated the system went right by you.
She deserves a go fund me and the sellers jail
I bought an owner-financed property, but everything-even the payments-went through a title company. I fear that she is totally screwed. This couple should face criminal charges.
This is so sad! I hope the mortgage company and courts' work with this women. If there is anyone to blame it's the people who sold her the house. This is fraud and the the seller needs to pay the price and do the right thing or go to jail. Sending positive vibes that it all works out for this hardworking woman.
Wishing nothing but the best for this woman and her family. She was obviously defrauded. Shameful. She has good kids because she is a good mom. Love and light.
this is why lenders require title insurance to be sure there is no other loans liens or owners
Sixty years in this country and never learning English did her a disservice. She’s too nice, I could see how she could get scammed easily between her kindness and lack of being able to communicate. So sad.
She does know some English but her English isn’t good enough so she has someone to help her. Nothing wrong with that. My dad has been here in the states for 20+ years and his English isn’t good at all what do ever. He’s tried and tried and tried
@@lamaravilla9486 where did I say something was wrong with it?
Go after.the people that took out the second mortgages
Sue those sorry people for repayment of all the money they were paid in good faith. Gente sin vergüenza!
No! We cannot let this happen. Start a go fund me or petition a local congressman. This women contributed to the American dream and cannot fall victim to a con.
This is fraud . The original sellers , should do jail time . This is happening to a friend of mine in NJ . The County is pressing " felony fraud " . Now the sellers want to " negotiate " . When he gets his home and accepts a settlement . The fraudsters will still have to deal with the courts . 😎
This is infuriating! I'm glad it's getting attention. Praying she keeps her home she worked so hard for. Shame on those fraudsters, hope justice is served.
I hope her contract is found to be valid and she is able to keep the house
Good thing she kept records. I really feel for her. That’s a beautiful home.
This is extremely heartbreaking ❤️🩹 💔 .
If you want to help this woman, call the District Attorney (Prosecutor) in the county where happened and demand that the prosecute the "seller" of this home for financial fraud against an elder. (Assuming NM has an enhancement statute for fraud against an elder person.
Arguably, this seller also committed mortgage fraud against the lender by not disclosing the sales agreement and significant funds received from the buyer, which was a liability on the seller's financial statement and a potential future lien against the property.
this sounds like a case for Judge Judy
When you think you're paying your mortgage but the whole time you were paying rent, someone's else rent too
This happened to me in Ca. I purchased a home ( first time home buyer) from a couple. We agreed on a price and I gave them $25,000 down with the balance due within 36 months by either obtaining a loan or cash. A month in And I knew I was dealing with fraudulent people. Only 4 months later, and I got financing and bought them out. In that short time, they took out a HELOC for 30,000.00. They broke into the property during a weekend I was away and barricaded the property with chain’s and dogs so I was unable to enter. I had no idea who these people were that took over my home and later found out it was the sellers family members. Of course I called the cops and the trespassers were producing false rental contracts etc. after hours and hours of my kids and I literally locked outside of our home and the cops finally sending a competent officer to review my notarized contract, my cashiers check (down payment), monthly payments directly to the mortgage company, text & emails, it was determined I was the rightful owner. They were forced to leave and once inside, I see the extensive damage they caused. When I bought them out for the balance I owed I also had to pay the additional 30,000 loan they took out because they refused to pay it and so now I had to qualify for a bigger loan But I was already in 25k hard cash (all my savings) so I couldn’t walk away. As of right now, I’m still hoping to sue them.
I pray for everything to be alright. This is a FAMILY HOME. It's special to her and her family.
jilted by her own people. This story is super sad. I wish her so much good she didn't know enough to insist on paperwork.
Sellers committed fraud by taking out a mortgage on a home they already sold to someone else. They should not take the home of a 3rd party who owns the home by all intents and purposes.
I agree that she should keep the home but because the sale wasn’t done through a lawyer or real estate agent, and the sale was never recorded, legally she does not own the home. It’s like buying a car and never registering it, never transferring the title, having it towed because the seller lied and said it was paid off and then getting mad at the financing company for repossessing the car. Unfortunately this woman didn’t seek any sort of professional guidance when making the purchase and she will have to take the sellers to court to try to recoup the money she’s paid for the home. I’m hoping that the sellers have other property that can be liquidated so this woman can get her money back. I do feel very bad for her and if I had any money to share I’d love to help her.
@@unapologeticallyamy9031 Best post.
I hear about things like this more and more. People show up to an area with hopes of a home so opportunists throw law abiding citizens to the wolves in getting more money. Its disgusting people are that greedy. This is being done all over the country. Keep your inner circle close but strangers in your periphery. They are there and waiting for a weak moment.
I hope she gets to keep her home.
How has she been in this country since the 1960's and still can't speak English? That must be difficult for her. I hope she comes out okay. So sorry for her situation.
I wondered that? 🤔
Maybe it's her choice to NOT speak English? Since when is it a REQUIREMENT? This is America, land of the free. She can do what she wants. Weirdo
Um no , this is New Mexico , alot of bi lingual and Spanish people here. There's always someone to translate if needed.
The first triggered MAGA loser 😂
Right. And did she apply to legally immigrate here? Fat chance. Lets see her. " community " help her. That would be a first.
Hopefully some family members will also put a Go Fund Me account together for her. God bless the attorney and U tube for bringing this sad story to light. Do the best you can and let God do the rest.
GoFundMe is just Socialism😊
@@frankiethebull8269 Pull your Head OUT
@@frankiethebull8269 YOURE DAMN RIGHT AND WE LOVE IT. WE LOVE LOOKING OUT FOR ONE ANOTHER. Even you.
@@frankiethebull8269 So is social security, public schools, public hospitals,libraries, medicare,. I have no problem with socialism
I pray it will go in her favor and things will work out for her 💜
Amen
Awww, honey that's your house. Lord bless you.
I feel so bad for this lady , for basically her money to be going to this lowkey individual who broke a contract. Shit you better go find this thieves and make them pay all that money back .