Yesterday Thomas Gordon wrote about how Assemblyman Jose Solorio and former SAUSD Trustee Nativo Lopez were protesting at Countrywide Mortgage. So I decided to take a look at whether or not Solorio has taken money from the mortgage industry. And he has.
Here are some of the contributions Solorio has received from the mortgage industry and related industries, such as developers, title companies, property managers, etc.:
- Nuestra Casa Mortgage, $99, 2005
- Coldwell Banker, $99, 2005
- Strata Properties, $1,000, 2005
- CA Building Industry Association, $250, 2005 and $1,000, 2007
- R&G Builders, $1,000, 2005
- Barry Cottle Real Estate Development & Investment, $99, 2005
- Rainbow Properties, $99, 2005
- Transaction Properties (Robert Bisno, a housing developer), $249, 2005
- Bisno Development, $800, 2007
- Abco Realty & Investments, $498
- CB Richard Ellis, $2498, 2005
- Shea Homes, $249, 2005
- Saunders Property, $99, 2005
- Danberg Development, $249, 2005
- PDM Development, $249, 2005
- Griffin Structures, Inc., $249, 2005
- First American Corp., $100, 2005
- Newport Diversified, $500, 2007
- Bank of America PAC, $1,000, 2007
- Capital One Services, Inc., $1,000, 2007
There are a lot more such contributions. You can see Solorio’s 2005 contributions at this link. And you can see his 2007 contributions at this link.
Not to pick on Solorio, but you can see above that politicians take a lot of money from the real estate community. Our legislators in particular have been asleep at the wheel while thousands of Californians have become ensnared in the mortgage disaster. For them to cry about it now is disingenuous, when they have done nothing about it up until now. What did Solorio do about this when he was on the Santa Ana City Council, besides take lots of checks from this industry?
Art, there is the Community Associations Institute (CAI).
What you referring to as “real estate industry” is more accurately known as the CAI industry.
You should also include a list of lawyers and judiciary related donors.
It is gigantic industry which is preying on the HOA homeownership by non -judiciary foreclosing and taking homes, for frivolous fines as low as $5.00.
This is done under the “Davis-Stirling Act” (Civil Code section 1350-1378)
This law is written by thy politicians like Solorio and Correa who is the biggest CAI industry seamer of them all.
Latest bill how to screw the HOA owner is ASS Bill 980. There are every year 2 or 3 such bills making it easier to screw the HOA owner and since there are virtually no new homes build outside of the HOA the U.S. real estate is completely in the hands of the CAI industry.
Unfortunately if anyone wants to challenge it he will be called a “loon” by the self proclaimed “inteligencia” like yourself.
It is complexed scam which I do not expect you nor a reader of this blog to understand without reading the following two publications first.
They are both published by friend of mine and LA Times columnist Donie Vanitzian in the book called Villa Appalling and latest: California Common Interest Development – Homeowners Guide, 2007-2008 ed. See Summary of Contents
From the City Council only Benavides is knowledgeable and helpful. Alvarez is a part of the CAI industry too and sold out 7 Hispanic families in my HOA totaling about 2.5M in the HOA non-judicial foreclosure which is not related to a “subprime” scam.
Perhaps this subprime scam will shed a light on the MOTHER OF THE ALL SCAMS — the CAI industry scam too.
Art,
The people you listed, none are predatory lenders. And looking at the amounts, it hardly adds up to anything substantial compared to other donors.
Now the one you should check into when it comes to sub-prime lenders is Clownia Alvarez. She not only took checks from them, they funded IE’s against Jose Solorio and for her in the 2006 Assembly race. Was there a reason that these subprime lenders did not want Jose Solorio in Sacramento and wanted Alvarez?
Countrywide and Ameriquest were huge Alvarez supporters and funded the JobsPAC auto call that ripped Armando de la Libertad as well as a call claiming Jose stopped Lorin Griset.
Bisno’s $800 is a paltry gift, considering he gave Clownia nearly $50,000 for her two failed bids for assembly.
Poster 3,
I hope Bisno at least got a “Crazy Claudia” doll for his troubles…
Art: “Cash and Carry” Claudia Alvarez sold to the highest bidders in her failed attempt at the Assembly seat, receiving huge amounts from of money from Bisno, his partners and their families. She also was personally responsible for gutting the enforcement of the campaign contribution limits enacted by Santa Ana voters years ago so she could take a long greedy suck from Mike Harrah’s bearded money root as well, before casting the deciding vote for 1 Broadway Plaza. The money you describe Solorio getting is peanuts in any political circles.