Friday, October 23, 2009

IT'S FINALLY FRIDAY! Let's see how much Jorge Baluja knows about Real Estate!

At some point based on everything we've seen over the last few months, you have to ask yourself, just how much does Detective Jorge Baluja know about complex Real Estate transactions? I mean after all, let's not forget Detective Baluja couldn't even execute the mortgage on his own home correctly so surely his background in Real Estate and in Mortgages must be suspect. Before we jump to conclusions, let's be fair here, let's give Jorge the benefit of the doubt, surely screwing up the execution of his own mortgage was an isolated incident, surely he knows more than we think about Real Estate and Mortgages, after all HE WAS A MORTGAGE FRAUD INVESTIGATOR!

Like I've said before, I've spent the last few weeks worth of afternoons pouring over paperwork in the case files located at the NINTH FLOOR OF THE CRIMINAL COURT HOUSE LOCATED AT 1351 N.W. 12th Street Miami, Florida 33125. It's oddly enough a great place to spend some time to get some laughs! One of my favorite reads is a copy of Detective Baluja's deposition regarding the Bernardo Barrera Mortgage Fraud case. Let's take a look and see just what kind of understanding Mr. Baluja has of Real Estate and the documents involved in a real estate transaction.

What is a warranty deed? According to Wikipedia...
warranty deed is a type of deed where the grantor (seller) guarantees that he or she holds clear title to a piece of real estate and has a right to sell it to the grantee (buyer).
Ok, now let's look at what Detective Baluja thinks a warranty deed is:

INFORMATION ON WHO'S BUYING THE HOUSE? WTF?! Ok, perhaps that one was too tough, let's get to something a bit easier that is at the heart of a mortgage, the promissory note, again according to Wikipedia a promissory note is:

a contract where one party (the maker or issuer) makes an unconditional promise in writing to pay a sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms.
Ok, that's easy enough, after all the very definition is part of the name! Let's see what Detective Baluja says when asked what a promissory note is...

WHAT IN THE FCUK? He doesn't recall what a PROMISSORY NOTE IS? HOLY $HIT! Ok, I'm seeing a trend here, let's back off a bit with these complex terms, let's go to something easier like a TRUTH IN LENDING STATEMENT. How hard is that one? We can deduce from the name alone it's a statement that discusses elements of the loan. What is a Truth in Lending statement?
Truth in Lending Disclosure Statement is to show you the estimated total costs of borrowing, the expected payment amounts over the life of the loan, and other significant features of your loan.
That's easy enough right? Can we get more basic than that? Let's see what Detective Baluja has to say about a Truth in Lending Statement...

OH LORD! A TRUTH IN LENDING STATEMENT IS A LOAN APPLICATION?! How this deposition could have occurred without the people present busting out in laughter is beyond me. At this point you have to ask yourself, just how much confidence does the state have in it's lead detective? I mean, he doesn't know the very basics of Real Estate transactions or mortgages so how much confidence could they have? Let's look...

YIKES! From what I see in my interpretation of the transcript, at this point the state is so shaken by the detectives performance that they don't even have enough confidence in him to believe he knows the meaning of the word "VERBATIM"! Is that scary or what?

Now, based on this little snippets from Detective Baluja's deposition, is there any way that you could believe that he was the lead detective on a complex mortgage fraud investigation? After all, he's proven that he doesn't have a grasp on the most basic elements of a real estate transaction or a mortgage. Considering these facts, can you believe that he was allowed to build a case and arrest the defendants? He's changed the course of the defendants lives PERMANENTLY and we now know that when it comes to Real Estate and Mortgages, he doesn't know HIS ASS FROM HIS ELBOW! Can anyone with a modicum of intelligence comprehend what's happening here? Can you believe that this guy was allowed to investigate ANYTHING?

I still have have hope for Jorge though, at the very least you would think that when he submits documents to the state in support of his arrest affidavit that he uses spell check to cover up any spelling mistakes that he may have made, correct? After all, these documents are a permanent part of the case file, one that the judge will review and all the attorneys will review, so surely he did his best to make his reports look good correct?

OH LORD! Have a nice weekend!

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