Saturday, January 19, 2008Chris Nunez, CPS Real Estate Chris is a super realtor in Santa Rosa, CA. He is renowned for pushing interest-only loans on people that CANNOT afford them. Once these loans reset, he`s going to have some disappointed customers, such the Carnes family that took out a $700K, interest only loan to purchase a home they "had to have"—household income: $100K. And as he tells his clients, "I eat beans like you in the morning." Watch the video and enjoy! Video: Past Due & Pay Day (video at YouTube) Transcript: Past Due & Pay Day
"I eat beans like you in the morning" is a specific ethnic appeal to Hispanic clients, the kind of thing that HUD targets for consent decrees when it happens in real estate ads. But the "diversity recession" may force him and his cliens to eat beans three times a day.