MORTGAGE FRAUDS TARGETING LATINOS
By Rhina Guidos
The Salt Lake Tribune

On a lined piece of notebook paper, Luis D'az scribbled with his pen. He jotted down careful notes and numbers, and glanced pensively at the wall every now and again.
"How much is the current interest rate?" he asked during a recent meeting aimed at educating potential Latino home buyers on fraudulent housing schemes. He was careful to take notes because he doesn't want to be a victim, he said. He has heard stories of other Latinos being charged exorbitant prices for homes, of inflated interest rates, stories of fraudulent home-mortgage brokers who ask for a down payment and are never heard from again. But most important, D'az watches out for the shady characters he has been warned about, the ones who advertise on Spanish-language television and newspapers, the ones who tell Latinos that they can buy a home, even if they don't "have papers," he said.

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