One of the most important decisions in a person’s life is buying a home. This process is not easy and families spend a large part of their income for several years to pay for it so that in the future it becomes entirely theirs. It is therefore not unusual to hear stories where the procedure did not go as expected. however, No one would have imagined that large sums of money could be wasted as happened to a Hispanic woman in Raleigh, North Carolina.
The woman’s name is Claudia Maldonado and through Univisiondenounced that she deposited nearly $90,000 for a loan that she could not complete because they found it unsuitable for a mortgage. “The most important thing is that they did not check my balance at first, but after we actually found the house and after they asked me for $30,000 from down payment. After doing that, they realized that my credit was not against the loan amount I needed for that house.”
The real estate agent argued that his credit application was not approved because he “has a lot of debt.” However, Maldonado says this amount wasn’t the only thing he made throughout the process: “I paid a lot of money other than the $30,000 I gave them, it was close to the $90,000 I spent.” However, the agent also suggested that he settle his debts so as not to lose the deposit.
To prevent others from losing thousands of dollars while searching for a stable home in the United States, The Federal Housing Administration, an agency of the United States governmentWe recommend Determine the family’s needs, and make a list of new home requirements such as green space, parking, and number of rooms, so that the real estate agent can advise them on a budget. In addition, they can specify how long it may take to cover this amount and whether they are subject to a loan for the said amount. The same unit grants mortgage loans For those who do not have money immediately. Requirements vary by state, but they are usually easier to access than those of private institutions.
In similar problems that have affected North Carolina society in recent times, The eviction issue has left many families, particularly Latinos, homeless Because of the difficulties in covering rent as a result of rising rents and stagnating wages in the face of inflation. According to Latin Link: “Every day more than 335 eviction requests are filed in North Carolina for families of renters.”
Although it is a problem that affects most of the country, the rate of evictions has increased in the said state and specifically in the cities of Winston-Salem, Goldsboro and Fayetteville. However, families can request free legal aid and even get financial aid so they are not left without protection in these circumstances.