They won’t pay their property taxes, either.
Will their homes be foreclosed...?
So, an illegal, With no documents, or jobs. Can now get a “home loan” for $0 down. And not have to prove ANY income/ job?
It is going to take YEARS to remove what will become squatters from these houses.
Many will never make a single payment. They will essentially live rent/ mortgage free in houses. Until after years of legal wrangling to remove them finally happens.
And THEN.. They will end up suing the lenders for knowingly giving them loans they should have known they had no way to repay.
So rent free for years, followed by a cash payment from the lender..