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Fraud, lies, and Real Housewives?

You know I’m a “Housewives” fan. I love almost all the franchises, but RHONJ is probably my favorite. Sometimes, I don’t know why, because it drives me mental. I love the cast, I enjoy some funny moments on the show, and I have always hoped that the families could all fix their broken bonds. This franchise is probably the most polarizing of the franchises, with “Tre Huggers” going against the non-Tre fans. Personally, I’ve always felt a tad bad for Teresa, as I think she stuck married to a guy who probably doesn’t treat her all that well. I think they are trying hard this season to convince us all that their marriage is great, but the c bomb last season kind of set the tone, don’t you think? I wouldn’t put up with half the stuff Teresa does, and I am left wondering why she does put up with it. My suspicion is that these new charges are going to rock the boat….a lot. I’m not sure if she will be left standing or underwater, but it’s going to be interesting.

People have asked me my take on the indictment of Twresa and Joe Guidice. I’m gonna tell you what I think, because I have watched people do exactly what they have been accused of.

In brief, T and J are accused of, among other things, fraudulently getting mortgages on properties. I’ve had people say this wasn’t a crime, and that everyone did it. People say that the banks collapsed the housing market. Frankly, I worked in the mortgage business, and I can tell you it was a combination of people, the mortgage brokers and the banks. Teresa and joe apparently lied on applications about their income. Do I believe it’s likely? Yes. The banks were doing what people referred to as “stated loans” or “liar loans”. You state the income, and the bank will take you on your word, as long as it looks legit and your work history backs it up. That was the theory, anyway, in reality, mortgage brokers lied their asses off, and bank management allowed these loans through, even if underwriters complained, Here’s the deal though, copies of all these documents were sent to the borrowers, they signed them and signed them at closing. Anyone who tells you they didn’t ok that income is not telling you the truth. They were presented with it, they signed the documents.
If you think this doesn’t effect you, you’re wrong, Every time people get into a mortgage they can’t afford, it touches other people. The houses go into foreclosure, appraised values drop, houses lose equity and people suffer.

The only saving thing in her favor is that it’s clear that Joe forged her name on mortgages. Don’t believe me? Go look up the mortgage images for the Morris County land records. You can clearly see when Teresa signed docs, and when Joe forged her name. Joe will likely go down, but will Teresa?

Some of Teresa’s fans say she is innocent, and I’ve had several tell me she is too “flighty” “unaware”, and “stupid” to have done this. What’s worse, you’re a cunning liar, or you’re just too dumb to know better?

Here’s where I go off of the “she didn’t know” wagon. T got docs, signed them, got on a stand, raised her hand and swore to tell the truth about things. She lied. She omitted assets. She has an IDEA. And if she doesn’t have a basic idea, then she’s full of shit, because she has an idea. Those two thought they were getting over on people, 120grand on furniture, in one spree? On television? Shopping sprees, cameras in your house, in your cars, watching you spend money and keep spending it even after you say you’re broke? Really? If you believe that, I have a bridge to sell you.

Look, I feel bad that they have kids and both are facing jail time. I do. But I also think these two knew EXACTLY what they were doing and thought they were too slick to get caught. I think Joe is a snake of a guy, who probably dragged Teresa into a big mess saying “everyone does it”. Yet pleading dumb isn’t cutting the mustard for me this time. Not at all. I’ve watched people do EXACTLY what they are accused of doing. Hell, I caught people and reported them for doing it. I reported people for forging documents, overstating income, and even sending false tax docs. I’ve seen it. I’ve lived it. I’ve fought against it, tracked down those that have done it, and put a stop to it.

Anyone’s house still worth what it was in 2006 pr 2007? Anyone work their whole life to watch it all crumble when the housing market collapsed? Anyone watch property values plummet due to foreclosures in their neighborhoods? Know what caused a lot of that? People who did what Joe and Teresa are accused of. People that aided others to do what they are accused of. It’s not a “victimless crime”, as some people have dismissed it as.

I wish their daughters well, and hope that the family rallies around the kids during this time. I am interested to see how this will all play out..

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