Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Mortgage Prospects Dim for Illegal Immigrants
WSJ ^ | October 22, 2008 | Miriam Jordan

Posted on 10/22/2008 8:34:13 AM PDT by NCjim

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-59 last
To: Ouderkirk

This guy probably shared an apartment with five other guys and walked to work or rode the bus. Does this match your lifestyle?


41 posted on 10/22/2008 9:38:14 AM PDT by B4Ranch (I'd rather have a VP that can gut a Moose, than a President that wants to gut our Second Amendment!)
[ Post Reply | Private Reply | To 22 | View Replies]

To: NCjim

Time to head home to Mexico, Jose. Your $100K will go much farther there than in NYC.


42 posted on 10/22/2008 9:38:53 AM PDT by kittymyrib
[ Post Reply | Private Reply | To 1 | View Replies]

To: Huntress
He needs to quit whining and spend some of his money on good immigration lawyer to get himself legal. Once he does that, then he look into buying a home.

No, all he needs to do is wait until after the next up and coming, then either Obama or McCain will provide amnesty to him and all his illegal brethren.

43 posted on 10/22/2008 9:52:12 AM PDT by Ol' Dan Tucker (While the truncheon may be used in lieu of conversation, words will always retain their power.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: NCjim

44 posted on 10/22/2008 9:53:15 AM PDT by mikey_hates_everything
[ Post Reply | Private Reply | To 1 | View Replies]

To: NCjim

"DIM"?

Well, I would dam well hope so! In fact, they should be dam well..

"NON-EXISTANT!


45 posted on 10/22/2008 10:01:05 AM PDT by LibFreeUSA
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dustbunny
How was he able to hold down a job without having a Social Security Number? How much money does he owe in back FICA that was obviously not deducted from his pay checks?

It actually might have been withheld under a "borrowed" SS#. Several years ago, my father who was nearly 80 years old at the time, was accused by the IRS of not reporting some of his income on his tax return, and told he owed substantial penalties for the non-reporting, in addition to more taxes than had already been withheld on the "unreported" income, because his tax bracket was higher than the withholding rate that had been used. Seems some illegal working as a busboy in a Brooklyn restaurant had used my father's SS# to get his job, and so all the busboy's wages and tips had been reported to the IRS under my father SS# (and Medicare, unemployment, and SS# withholdings had been made on these wages and tips, in addition to taxes). There was no evidence that he had used my father's name.

It took my father over a year to get the IRS to admit this wasn't his income, and my father was a retired Foreign Service Officer who currently held top secret security clearance in connection with part time contract work he was doing for the CIA. When he finally got the IRS to quit communicating with him via threatening form letters and address the issue at hand, he presented readily verifiable evidence of his part-time CIA employment, and Foreign Service pension, and the IRS backed down quickly, in the face of the laughable implausibility of the notion that he'd been working as a busboy on the side (and while residing several hundred miles away from the restaurant in question, in a home he'd owned for 30+ years). If he'd actually been a restaurant worker or manual laborer or just some ordinary blue collar Joe, especially one who lived in the NYC area, I don't know that it ever would have gotten sorted out, at least not without him spending more in legal fees than the IRS was claiming he owed.

46 posted on 10/22/2008 10:06:57 AM PDT by GovernmentShrinker
[ Post Reply | Private Reply | To 26 | View Replies]

To: onlylewis
Was he able to save that $100,000 because he was not paying taxes?

What do you think? Not only was he not paying Federal Income Tax, he most likely wan't paying into Social Security and was not paying New York state and local taxes. He also benefited from free taxpayer provided medical care, education and probably housing assistance.

Just goes to show you how much better off we would all be with Government out of our lives. If we didn't need to pay all those taxes we could buy a house and a car with CASH! The credit crunch wouldn't effect us at all.

47 posted on 10/22/2008 10:07:08 AM PDT by JrsyJack
[ Post Reply | Private Reply | To 10 | View Replies]

To: NCjim

More Obama doctrine economics in play here, courtesy of ACORN community organizing.


48 posted on 10/22/2008 10:08:38 AM PDT by sbMKE
[ Post Reply | Private Reply | To 1 | View Replies]

To: NCjim
"If you want to buy a house and you're here without papers, now you can forget it," says Jesus Benitez, a real-estate agent who caters to Hispanics in Brooklyn.

*sniff*...pass me a tissue.

49 posted on 10/22/2008 10:16:07 AM PDT by GATOR NAVY (guess I'm just a spudboy)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NCjim; John Semmens

Its getting harder and harder to distinguish MSM from a John Semmens parody article..


50 posted on 10/22/2008 10:27:26 AM PDT by cardinal4 (Dont Tread on Me)
[ Post Reply | Private Reply | To 1 | View Replies]

To: B4Ranch

At the time...yes indeed. I lived with two other guys, paid my tuition myself and worked full time in a factory until I graduated from college at age 27. Ate Ramen Noodles and and Mac and Cheese more times than I cared to. No girlfriends, as I don’t have time and couldn’t afford them.


51 posted on 10/22/2008 10:28:23 AM PDT by Ouderkirk (I will not vote for Obama not because he is black, but because he is RED)
[ Post Reply | Private Reply | To 41 | View Replies]

To: NCjim

Are they not selling a home to this guy because he is an illegal immigrant? No, they would love to keep violating the law and sell a house to him (wink, wink). The problem is that the banks are sitting on millions of foreclosed homes that were sold to previous illegal immigrants (nod, nod).

Yes. One must appreciate that these lawbreaking institutions are now all paying the toll for unintended consequences. It is to bad that obeying the law is the last thing they want to do, but we can at least know that by them losing their shirts they will be forced into compliance. Score one for the US taxpayer that now has to pick up the tab for this foolishness.


52 posted on 10/22/2008 10:31:44 AM PDT by Gen-X-Dad
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ouderkirk

Then I am going to guess that he made his money by working long hours, the same way i made mine.


53 posted on 10/22/2008 10:52:54 AM PDT by B4Ranch (I'd rather have a VP that can gut a Moose, than a President that wants to gut our Second Amendment!)
[ Post Reply | Private Reply | To 51 | View Replies]

To: NCjim

So, take $10,000.00 of his $100,000.00 and hire an immigration lawyer, pay all the fees, and become a resident. Sheesh, it ain’t that difficult.


54 posted on 10/22/2008 11:34:17 AM PDT by ViLaLuz (2 Chronicles 7:14)
[ Post Reply | Private Reply | To 1 | View Replies]

To: capn dino
"He could return to Mexico and live very comfortably [with $100K]."

Your comment gets to the very heart of what I knew to be one of the keys to fixing illegal immigration.

Announce an amnesty for all illegals. If you self-report to INS in the next 60 days then you have a six-month grace period during which you can continue to work but make plans for an orderly and peaceful return to your homeland with ALL of your asset, including house and car and related belongings.

If you do not self-report and miss the window, then all your assets are subject to seizure to pay off back taxes plus a $10,000 fine for violating federal immigration law.

If you leave with your assets yet come back illegally (e.g., trying to game the amnesty), then you are immediately subject to all the forgiven taxes, plus the first $10K fine, plus an additional $50K fine. Detained in federal prison. Legal attempts will be made to recover your assets now in Mexico.

This would WORK. It's all about the money. Once they realize the gravy train is subject to legitimate loss, they will say Adios to their friends here and go home while the going is still good.

55 posted on 10/22/2008 2:10:33 PM PDT by tom h
[ Post Reply | Private Reply | To 25 | View Replies]

To: Huntress
"He needs to quit whining and spend some of his money on good immigration lawyer to get himself legal."

Silly Huntress. Don't you realize that immigration lawyers are free? The Federal Government supported Legal Services Corporation provides all the help that illegals need. Cost to you the taxpayer: $1 billion per year. And rest assured that all the attorneys working at LSC are far-left extreme liberals zealously dedicated to destroying the country that we know and love.

56 posted on 10/22/2008 2:41:04 PM PDT by tom h
[ Post Reply | Private Reply | To 16 | View Replies]

To: NCjim

ACORN is already underwriting mortgages for illegals with taxpayer dollars, so why not?

See todays WSJ for confirmation:
http://www.freerepublic.com/focus/f-news/2112217/posts


57 posted on 10/22/2008 4:39:55 PM PDT by sbMKE
[ Post Reply | Private Reply | To 1 | View Replies]

To: Steely Tom
Mortgage Prospects Dim For Illegal Immigrants.
I suggest that they go home.
58 posted on 10/22/2008 8:10:11 PM PDT by wjcsux (0BAMA, That One, Piss be on him. Keep the change.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: BGHater

Bank of Amigo as we like to say. The one here in Worcester Mass has mortgage rates listed on their board in Mexican.


59 posted on 10/23/2008 10:22:08 AM PDT by HenpeckedCon (Deport them all... Let God sort them out!)
[ Post Reply | Private Reply | To 6 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-59 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson