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Home Front Economy
HUD: Five Million Fraudulent Mortgages Held by Illegals
2008-10-09
One illegal alien was arrested this year in Tucson after allegedly using a stolen social security number to buy two homes and rack up over $780,000 in bad debt.

Some five million fraudulent home mortgages are in the hands of illegal aliens, according to the U.S. Department of Housing and Urban Development.

It's not known how many of those have contributed to the subprime housing mortgage meltdown, but it has affected every state, including Arizona.

The problem began years ago when banks were forced to give mortgages without confirming social security numbers or borrower identification. As a result, illegal immigrants were able to obtain home mortgages which they could not afford.
Posted by:GolfBravoUSMC

#19  CHINESE MIL FORUM Thread > IS THE US FEDERAL RESERVE ENGAGED IN ACTS OF ECONOMIC WARFARE AGZ AMERICA? Treason agz their own Govt-Nation via massive Pro-HyperInflationary printing of Counterfeit or Baseless US Monies + other policies???
Posted by: JosephMendiola   2008-10-09 20:57  

#18  #14 Is there anything in Mexico worth buying
Tequila
Posted by: Deacon Blues

just a word of recommendation: I did a side job for a homeowner and paid me and gave me a "thank you" bottle of Abandonado silver tequila. It's in the freezer, and I drink it straight over ice. Gooood stuff. I like it
Posted by: Frank G   2008-10-09 20:34  

#17  GolfBravoUSMC LINK FOUND To illegal alien report

HUD: Five Million Fraudulent Mortgages Held by Illegals
2008-10-09
Posted by: Red Dawg    2008-10-09 20:21  

#16   HUD: Five Million Fraudulent Mortgages Held by Illegals

One illegal alien was arrested this year in Tucson after allegedly using a stolen social security number to buy two homes and rack up over $780,000 in bad debt.

Besides HOMES Illegals are recieving FREE Organ Transplants which also includes FREE Organs of course.

In 2003, a "matching" viable liver costs $600,000 plus another $500,000 for its installation and after care costs at any Major Hospital in Caliphornia; Like Stanford University Ca. or UCSF University of Caliphornia @ San FranFreakco.

Imagine that the SAME illegal alien waz busted for racking up $780,000 in bad debt also recieved a FREE ORGAN TRANSPLANT paid for by You and Me.... Suckers.
:(
Posted by: Red Dawg    2008-10-09 20:08  

#15  "Texas Hill Country is pretty nice - I understand that will be part of Mexico again before too long."

Not if the descendents of the original settlers there have anything to say about it - they are all German, and stubborn as the day is long. (I should know, I just finished writing a trilogy of historical novels about them!)

And also, this is Texas, so they are all armed. As far as I can see, the rich Mexicans have taken refuge in a gated community a little north of San Antonio on I-10. They don't want anything to do with all this "La Raza" reposession of Texas and the southwestern US - where the hell would they go to live a normal life and take refuge from the mess that their kind have made in Old Mexico, anyway?
Posted by: Sgt. Mom   2008-10-09 19:24  

#14  Is there anything in Mexico worth buying
Tequila
Posted by: Deacon Blues   2008-10-09 19:22  

#13  damn sockpuppets
Posted by: Frank G   2008-10-09 19:08  

#12  typically what you "buy" in Mexico is a 99-year land lease, and hope an Ejido doesn't pop-up and claim ownership after you build your dream retirement casa...
Posted by: ZimBarbie   2008-10-09 19:07  

#11  Is there anything in Mexico worth buying

Texas Hill Country is pretty nice - I understand that will be part of Mexico again before too long.
Posted by: Glenmore   2008-10-09 18:47  

#10  I don't know about our rate of crime for illegals. However, we had the murder of a young woman in our city. She was visiting to help set up a new restaurant. She was staying at a local motel. The murderer was a guy who worked at the motel and came into her room with a pass card or key. The guy turned out to be an illegal alien with what the police called a very good forgery of a social security card. I wonder who makes these forgeries and where they get them?
Posted by: JohnQC   2008-10-09 17:37  

#9  Is there anything in Mexico worth buying that isn't on the beach? I've never run across it if there is.
Posted by: bigijm-ky   2008-10-09 16:11  

#8  Article taken down. Mainly because it was full of bs, at least as far as the 5 million number goes.
Posted by: Nimble Spemble   2008-10-09 14:52  

#7  Bad link? Or taken down article?

I suppose McCain will want to give them our money too to lower their principal.
Posted by: CrazyFool   2008-10-09 14:28  

#6  bigjim, here's the money quote from the Mexican Constitution -

"In a zone of one hundred kilometers' distance from the borders, and fifty from the coast, no foreigners shall be permitted to acquire direct ownership of land or water for any reason."

[...which makes it fascinating watching International House Hunters on HGTV as gringos Americans 'buy' places along the ocean in Old Mexico. Next bailout in...]
Posted by: Procopius2k   2008-10-09 14:25  

#5  We had to fill out paperwork for a week. Next time? "No habla"...
Posted by: tu3031   2008-10-09 14:16  

#4  I don't care whether they can 'afford' them or not, you shouldn't be buying a home as an illegal. I don't think you can own real estate in Mexico even if you are a legal permanent resident.
Posted by: bigjim-ky   2008-10-09 14:16  

#3  Boggle. You don't have to confirm a SS# prior to making a loan? Why the hell did I have to put mine on the form when we bought our house last year?


Willie Sutton wouldn't rob banks anymore. He'd just buy a house ...
Posted by: Steve White   2008-10-09 14:11  

#2  The problem began years ago when banks were forced to give mortgages without confirming social security numbers or borrower identification.

See ACORN, LA RAZA and dhimocrats for blame.
Posted by: DarthVader   2008-10-09 13:38  

#1  I blame Bush!!!
Posted by: Barney Frank   2008-10-09 13:34  

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