Can we pay them off with 1980 pesos?
My mother in law’s neighbor’s house was purchased by illegals from Mexico. She found out they were here illegal when they packed up in the middle of the night and went back to Mexico and left the bank holding the mortgage.
>>>>>>Our officials cannot be certain as to the true names of these millions of people. There is no way of determining their true nationality. There is no way of knowing when, where or how they entered the United States. Therefore, there is no way of truly knowing if they are wanted for crimes in other countries. <<<<<<<<
This was my main objection to the “Z-Visa” of McQueeg-Kennedy’s so-called Comprehensive Immigration Reform.
To say “millions” are unknown understates the case.
***None*** of the illegal aliens in the USA are known. They have no formal documentation, no passports, no birth certificates, nothing.
And let’s not limit this to Hispanics, because it can and does apply to **any** illegal alien of **any** nationality whether from Mexico or China or Russia or the Balkans or anywhere else.
In fact a savvy criminal would be wise to jump into the U.S. illegal alien system and create a completely false identity therein, since our government seems so willing to accept the word of anyone who professes not to speak English and not to have any verifiable national or personal identity.
A friend of mine who has family in Mexico said that ads were run in Mexican papers which read “FREE HOMES IN THE USA” I’m not making that up.
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Calling the Old Media: Five Million Illegals Have Illegal Mortgages in U.S.A.! Our source for that story, a retired agent from Immigration and Customs Enforcement, stands by those numbers. A person from Housing and Urban Development contacted KFYI to tell us the number was inaccurate, that there were only 2.3 million mortgages held by immigrants, so there was no way that 5 million illegals could have mortgages.
However, HUD cries foul over illegal immigrant mortgage data
Despite Illegal Status, Buyers Get Home Loans
N.Va. Foreclosures Form 'Ring of Fire' But drive with Thompson through the hardest-hit areas of Prince William County -- the epicenter of the region's foreclosure trouble -- and the loss of value has been precipitous. By and large, those properties are concentrated in lower-priced areas and Zip codes where many immigrants bought homes in recent years, often with subprime mortgages and other risky arrangements that required little down payment or documentation. In Northern Virginia and especially Prince William, many buyers were Hispanic immigrants.
And now we have the mortgage crisis, which has sent a shock wave through Wall Street and panicked world financial markets like no other since the stock market crash of 1929. But this is a problem created in Washington long ago. It originated with the Community Reinvestment Act (CRA), signed into law in 1977 by President Jimmy Carter. The CRA was Carter's answer to a grassroots activist movement started in Chicago, and forced banks to make loans to low income, high risk customers. PhD economist and former Texas Senator Phil Gramm has called it: "a vast extortion scheme against the nation's banks."
Immigration Counters tells it by the numbers Sadly Illegal Immigrants To Get Next Bailou
From experience, I can tell you that illegals don't even need to have SS numbers to apply for a home loan, just a TIN that anyone can get, and that there isn't a government agency I was ever able to find that could give a rat's patoot.
Illegal guy gets a nothing down, interest only loan....he re-sells it at a $50,000.00 profit to ANOTHER illegal family member.....that one re-sells it at a $50,000.00 profit, no money down, interest only......that one re-sells it at a profit....etc. etc.......one family went back to Mexico with a profit of $500,000.00!!! I’ll bet MANY, MANY, MANY people did this scam!