Houston1stWordOnTheMoon Posted September 8, 2006 Share Posted September 8, 2006 Lost in TranslationWould-be Hispanic homeowners find out they don't own as much as they thought they didBy Keith Plocek Article Published Sep 7, 2006 DetailsWho / What:Hispanic home buyers Daniel KramerGertrudis Cortez financed a house so her kids would have a place to stay. Daniel KramerNo one told the Pardos that a fence and a driveway were going to pop up behind their house.Gertrudis Cortez's house has seen better days, but it's bustling with life: overgrown potted plants, barking bulldog, clucking chicken, gobbling turkey; Busch cans, hammock, shell of a Toyota van; diapered toddler, wobbling in the doorway, staring blankly past his grandmother at the construction on Lyons Avenue. Cortez emigrated from San Salvador about 20 years ago. She signed a contract for deed on the house in 1994, the year after her husband died. "I was left all alone," she says in Spanish, "so then I came and I got this house." She financed the small duplex for $24,000, she says, so she could bring her son and daughter to Houston. Now the 70-year-old factory worker has three adults and five kids living with her, an enclave of strivers and learners making their way in a half-painted house snuggled up next to an abandoned service station in the Fifth Ward. They're living the American dream, save for one problem: After paying out more than $37,000 over 12 years, Cortez has reduced her principal by only $3,500. "We're never going to finish paying for it," she says. "All our work for nothing."....................http://www.houstonpress.com/Issues/2006-09...ws/feature.html Quote Link to comment Share on other sites More sharing options...
TJones Posted September 8, 2006 Share Posted September 8, 2006 Ummmm.....Moonman, how many times are you gonna post this topic ? Besides, this is old news, about 6 months old or so. It is news though. Quote Link to comment Share on other sites More sharing options...
Pumapayam Posted September 8, 2006 Share Posted September 8, 2006 Ummmm.....Moonman, how many times are you gonna post this topic ? Besides, this is old news, about 6 months old or so. It is news though.Editor - This topic should be merged with the one below. Quote Link to comment Share on other sites More sharing options...
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