CA: Home-buying program has cash,controversy - San Diego Co./Citibank recruit undocumented residents

San Diego Union-Tribune ^ | 2/6/06 | Zanine Zuniga

[american spirit]

Let's call it what it is......USA INC. (1871) is a corporation created to serve it's banking masters. This idiocy and the nonsense with matricula cards being used as legitimate ID in this country to open bank accounts, buy vehicles, etc. & the acceptance of TIN #'s USED BY ALL THOSE PEOPLE HERE BREAKING (SUPPOSED) FED'L LAW just proves we've entered "banana republic" status.

[A. Pole]

A major U.S. bank has funded its first home loans to undocumented Mexican immigrants in San Diego County in a move that targets a lucrative, wide-open market

Undocumented mortgage bump!

[Myrddin]

The home ownership (of up to EIGHT! signors!) is used to get green cards under the current rolling amnesty program. Thus for a price I will list you as an "owner" and you then are able to show ownership of the house and get to stay in the usa.

The lofty price of California real estate may take the income of 8 "owners" just to cover the mortgage. My mom just sold the house where I grew up in Chula Vista for $512,000 and purchased another house just outside El Cajon for $490,000. The buyers planned to occupy the 1700 sq ft, 3 BR, 2 BA house with 10 people. They seemed to be in a rush to occupy the property on closing day in October, but the house remains vacant to this day.

[hedgetrimmer]

I pointed out this fact a while ago. If illegals are allowed to purchase homes here, the globalist feds will argue, 'how can we deport them?''They're property owners'.

[Euro-American Scum]

You'll see two or three families join together to buy one modest house (in Sandy Eggo, modest is anything under $900,000) and then watch the property values go to heck.

Pop goes the bubble. Unless they get some kind of government subsidy -- like the "free" health care they get now -- to underwrite how cheap they work.

[Euro-American Scum]

Here we have millions of hard working Americans struggling mightily to acquire the "American dream" of home ownership while being taxed and insuranced to death, yet illegals are afforded deals that most people will never see.

Hard-working Americans don't work cheap enough to qualify for all these perks.

[raybbr]

Here we have millions of hard working Americans struggling mightily to acquire the "American dream" of home ownership while being taxed and insuranced to death, yet illegals are afforded deals that most people will never see.

It's because the "old Americans" have achieved economic nirvana. It's time for the "new Americans" to have a chance.

We are now one of the largest Spanish-speaking nations in the world. We're a major source of Latin music, journalism and culture.

Just go to Miami, or San Antonio, Los Angeles, Chicago or West New York, New Jersey ... and close your eyes and listen. You could just as easily be in Santo Domingo or Santiago, or San Miguel de Allende.

For years our nation has debated this change -- some have praised it and others have resented it. By nominating me, my party has made a choice to welcome the new America.

As I speak, we are celebrating the success of democracy in Mexico.

George Bush from a campaign speech in Miami, August 2000.

You can read the speech here.

Here is an excerpt of a good critique of that speech:

In equating our intimate historic bonds to our mother country and to Canada with our ties to Mexico, W. shows a staggering ignorance of the civilizational facts of life. The reason we are so close to Britain and Canada is that we share with them a common historical culture, language, literature, and legal system, as well as similar standards of behavior, expectations of public officials, and so on. My Bush Epiphany By Lawrence Auster

[isthisnickcool]

I understand that one reasons Mexicans come here is for the credit. I've been told that in Mexico car loans are unheard of as are mortages on homes. In Texas a Mexican can get a car at a "tote-the-note" car dealer and the homie has wheels in the snap of a finger. Anyone know if this is true or not about the Mexican car loans and mortgages?

[Myrddin]

I pointed out this fact a while ago. If illegals are allowed to purchase homes here, the globalist feds will argue, 'how can we deport them?''They're property owners'.

That didn't stop the Mexican government from siezing property in Ensenada and evicting Americans who purchased that property and built homes (buildings) valued at over $1 million. The Mexican government claimed the sale of the property was illegal and moved in to pass the properties and improvements on to Mexican citizens with the legal right to own that property.

[hedgetrimmer]

We still are a different country than Mexico, as much as the president and the gobalists in his administration are trying to erase that fact.

[Dat Mon]

YOU SAID...."I pointed out this fact a while ago. If illegals are allowed to purchase homes here, the globalist feds will argue, 'how can we deport them?''They're property owners'."

BINGO

You would have to be either in denial, have a political agenda, or be mentally challenged not to see where this is all headed, if any sort of guest worker amnesty bill is enacted which allows millions of these people to remain in this country.

They are not going to leave when their guest visa is up. They will never leave, and the fact that we cant apparently do anything about deporting them now...which ironically, is one of the arguments people use to push for this quasi-legalization , tells me that it is very likely that we will NEVER be able to deport them, UNLESS, we decide to do what everyone is crying out for in the first place....ENFORCE the current laws...and SECURE THE BORDER.

If we do not do this FIRST...EVERYONE who is now in this country...legally or illegally, will remain, but in addition, there will a continued exodus of illegals across the border, driven by the lure of cheap labor jobs where employers can pay these people at below market rates, in cash...off the books. Entire families and communities will, in the future, leave and join their brethren over here, to participate in this US taxpayer sponsored 'freebee lunch social experiment' program.

[gubamyster]

ping

[Tammy8]

Mexico has allowed US citizens to have businesses and own homes in Mexico at different points in their history. Many times they have changed their mind, taken the business or home and turned it over to Mexican citizens. Anyone who owns a business or any other property in Mexico should be aware of this history.

[lonewacko_dot_com]

Isn't there a possibility of Citibank facing legal liabilities, such as being sued or even prosecuted for helping illegal aliens stay here?

If I were a shareholder - especially something like a public pension fund - I'd be very concerned about that.

[blackie]

Protect our borders and coastlines from all foreign invaders!

Support our Minutemen Patriots!

Be Ever Vigilant!

[clawrence3]

From the article: “We're seriously looking at getting these banks charged with aiding and abetting someone who's a criminal,” said William Gheen, president of the national group Americans for Legal Immigration. I presume Wells Fargo and Citibank finance homes used as meth labs too - are you for holding the banks responsible for that too?

[clawrence3]

Sorry - that last post was to Norm's Revenge.

[dalereed]

Most people don't borrow money in Mexico since loan rates are 100% and more interest, that's how they can pay over 20% interest on a checking account.

My knowledge is from the late 80s when I was flying scallops out of Mexico and had a checking account there that paid 26%.

Even businesses have to be really hard pressed to borrow money from a bank.

[stephenjohnbanker]

Yes, we have been sold out.

[stephenjohnbanker]

False analogy all the way. The banks are KNOWINGLY aiding and abetting criminal trespassers.