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Illegal aliens getting home loans

 
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Tanya
Senior Chief Petty Officer


Joined: 13 Aug 2004
Posts: 570

PostPosted: Sun Jul 10, 2005 3:41 pm    Post subject: Illegal aliens getting home loans Reply with quote

MILWAUKEE — "Javier and Araceli Garcia, illegal immigrants from Mexico, never imagined that the U.S. government would help them buy a home.

But last year, the couple secured a $54,600 mortgage to buy the gray, 1,158-square-foot bungalow that they had been renting for eight months. The Wisconsin housing authority financed the loan. The Internal Revenue Service gave them an identification number that let them apply for it at local Mitchell Bank, which was happy to take their business.

“We thought we would never buy a home, because of our (illegal) status,” said Mrs. Garcia.

Competition for new customers is driving banks to offer home loans and other financial services to illegal immigrants — and they are getting help from government agencies, such as the Federal Deposit Insurance Corp.

The FDIC encourages banks to lend and invest in underserved markets regardless of customers’ immigration status."

http://www.thestate.com/mld/thestate/business/12097656.htm
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Nutso
PO3


Joined: 25 Aug 2004
Posts: 271
Location: Minnesota

PostPosted: Sun Jul 10, 2005 9:23 pm    Post subject: Reply with quote

How can I become an illegal??? I could afford a bigger house and a new car if I didn't have to pay taxes.
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GM Strong
Master Chief Petty Officer of the Navy


Joined: 18 Sep 2004
Posts: 1579
Location: Penna

PostPosted: Mon Jul 11, 2005 12:28 am    Post subject: Reply with quote

I would bet if you were an illegal and the gummint wanted your house ala eminent domain, the ACLU and the Libs would go to your defense and somehow find it unconstitutional. Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Rolling Eyes Rolling Eyes
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dusty
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Joined: 27 Aug 2004
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Location: East Texas

PostPosted: Tue Jul 12, 2005 6:52 pm    Post subject: Reply with quote

Is it just me or is the world upside down?

Dusty
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GM Strong
Master Chief Petty Officer of the Navy


Joined: 18 Sep 2004
Posts: 1579
Location: Penna

PostPosted: Tue Jul 12, 2005 7:43 pm    Post subject: Reply with quote

dusty wrote:
Is it just me or is the world upside down?

Dusty


We may be in a parrellel universe.
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Doll
Commander


Joined: 04 Jul 2005
Posts: 339
Location: The Beltway

PostPosted: Wed Jul 13, 2005 2:16 am    Post subject: Reply with quote

GM Strong wrote:
dusty wrote:
Is it just me or is the world upside down?

Dusty


We may be in a parrellel universe.


Yes! And unfortunately a touch of vertigo taboot!
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