[Sybeck1]

Sisters Marleny Carranza (left) and Sandra Carranza are affiliate brokers at Century 21 Su Casa Realty, a multilingual real estate agency. Marleny is part owner as well.

[EagleUSA]

Our Washington pols will do ANYTHING to America for votes...

[Dick Bachert]

It is my fervent wish that these greedy (put your favorite nasty feminine noun here) and the banks who do this get stuck with every one of those places when the buyers default.

[paratrooper82]

The break the law illegal immigrants in this Country can get a home loan easier and quicker than a US military veteran can, and that just really P me OFF!!!!!!!!!!

I know first hand, because, a good friend of mine and myself attempted to get loans, one was for remodeling,and he other was for a new home. Both were denied, because we were both still in the military, and would be going to Iraq to fight on the front lines.

Next time I will tell them I just sneaked across the US border, and I am on the run from INS! The will probably hide, me, feed me, house me, and give me a loan under any name I want, and build the house for me!

[operation clinton cleanup]

He said none of the loan recipients has defaulted

I doubt that. They sell the homes at an inflated price and then roll them over when the loan defaults. It's a huge scam that the rest of us will have to pay for at some point.

[headstamp]

"Many clients have substantial savings from blue collar jobs or small businesses. Some immigrants without Social Security numbers have paid as much as $100,000 up front, the sisters said. "


Hey, what the hell if you're not paying income/payroll taxes and when they default, the taxpayer will pick up the tab.

Citizenship means absolutely nothing anymore. In fact it can be a disadvantage now.

[upchuck]

...despite dramatic moves like Congress' vote this fall to build 700 miles of fencing along the border.

That's hardly dramatic. Pathetic is more like it. And it will never get built.

The time is now to fear for our country.

[Vinny]

"Many clients have substantial savings from blue collar jobs or small businesses. Some immigrants without Social Security numbers have paid as much as $100,000 up front, the sisters said."

Puleeeeeaze. let me see, they make $50/day and saved $100,000. How? starved themselves to death and their children? Sounds like somebody sells or runs drugs or is involved in prostitution rings.

But if not, i bet I could save $100,000, if I didn't have to pay any taxes.

[Aikonaa]

Byrd said the federal government gave him the idea of extending home loans to illegal immigrants. He said that in 2004 he attended a conference in Chicago at which officials from agencies, including the Federal Reserve and Federal Deposit Insurance Corp., encouraged bankers to give services to illegal immigrants.

Remember, these agencies are controlled by a supposedly conservative executive branch. Anyone who thinks there's going to be any meaningful immigration reform is dreaming.

[ArtyFO]

This is going to put the banking industry at risk like the fiasco in the 80's. Unsecure loans are a problem already, with defaults growing every day. I predict big, big problems in the months to come.

[SeaBiscuit]

United States House elections, 2006


Hispanics 69 % Dem.2006 55 % Dem.2004 30 % shift to Dem 2004-06

[kinoxi]

About 18 months ago, the community bank started a mortgage program for people without Social Security numbers.

How about a five minute public service program on how to get one?

[Aikonaa]

A private firm that Byrd wouldn't name backs the loans -- federally backed firms Freddie Mac and Fannie Mae don't support such loans.

Here's a case for investigative journalism if there ever was. What is this corporation backing these loans? We are not talking about a small scale operation here, a major US financial institution has to be involved in what is basically a criminal conspiracy. Smoke the b*stards out!

[OBXWanderer]

"I don't think it's physically possible or fiscally possible to deport 12 million folks," said Bob Byrd, chairman and CEO of the Bank of Bartlett...

Yooo, Bob, Mexico found a way...Bob?.....Booooobbb?

[Prime Choice]

Thank you, gringo Jorge Boosh!

[MeneMeneTekelUpharsin]

The answer is in. The purchase of homes by illegal aliens IS what is keeping the housing sector propped up, if not booming. If the government deports illegals and builds a fence to keep new ones out, the housing sector will collapse taking the rest of the economy with it. That is WHY the government has done little or nothing to solve this problem. It is also why many groups and the government will not allow muncipalities to make it illegal to hire or rent to illegals. Everything is tied to housing.

[McGavin999]

Eventually, the economy is going to turn, and there is going to be a LOT of unemployed illegals. The reason they can put $100,000 down is because they don't pay insurance of any kind, if you get hit by an illegal, I guarantee you they will have NO insurance and you will get stuck paying the damage (plus higher rates to cover their bad driving). They also get free health care.

[oneamericanvoice]

Wish I was in that area because I'd walk in and apply for the same lower rates that are extended to illegals. Then when I was turned down, I'd find the nearest lawyer for discrimination.

A friend of mine moved to CA from OK a few years ago, and I had to help her cash a check because she only had her social security number & car insurance. But if an illegal walks in with a Matricular Consular card and it's no problem!

[gubamyster]

ping

[kellynla]

Nothing is going to change until a POTUS is elected who will enforce the immigration laws.

Thanks GWB.

[stevie_d_64]

hmmmm...

Affiliate brokers for Century 21...

I wonder if our US AG (Gonzales) is looking into (or away from) this???

If Century 21 is doing this, I wonder if other Real Estate companies are???