where are you located? i live in upstate ny and see them semi-frequently, usually the price is right anyway but if they end up cash strapped, and with thousands of bad loans prices should get even better.
i don't really care if they verify my income, i actually don't see an advantage to buying something i can't afford.
Here we have a huge immigrant population.
If you earn income as a landscaper or painter, or house cleaner or babysitter...say $25K a year, you can state that you make for example, $85K per year (as long as your FICA credit score is over 600).
The prohibitedly high monthly payment is offset by having family or friends moving in with you.
Recently sold a 3 bedroom, 1550 sq; ft. condo that has 6 working adults and two children living in it. The $2,100 monthly payment gets paid on time...the bank could care less.
And don't kid yourself...the local government looks the other way. The county police are instructed in no uncertain terms to never request citizen status or cooperate with the immigration authorities in any manner.