I've suspected this for some time. In fact I think illegals are responsible, in large part, for propping up real estate market here in CA.
I guess the banks think its a win win for them - they get the interest as long as the illegals make their mortgage payment, and the house lock stock & barrel if & when the feds deport the home owners.
28 posted on 02/24/2005 12:58:55 PM PST by skeeter
("A nation without borders is not a nation" RW R)