Foreclosure help tough when you lie (...about SSN and illegal immigrant)

Rocky Mountain News ^ | 01/09/2007 | Rebchook on Real Estate

[rbosque]

Crazy stuff.

[Badeye]

I’ve wondered on occasion now that the son is an adult, what negative impact its had on him
Not nearly as much as 18 formative years with such parents

You got that right, last I heard he had been arrested for grand theft auto...in the real world, not the game.

[Eva]

I have been getting calls from collection agencies for some woman who had my telephone number five years ago, maybe longer. I am so tired of it that I have been losing my temper with the debt collectors. I told them that I would not answer their questions until they give me a call back number, then I told them that I was going to report them to the state attorney general. They promised not to call again, but it they would stop giving credit to illegals, they wouldn’t have so much trouble tracking them down.

[dennisw]

These idiots made Mexico a chaotic pit and are busy making chaos and disorder here. Thank Jorge Bush for these idiotic border policies

The Feds still haven’t computerized the visa system so we know visits and never goes home. This should be computerized with scannable thumb or fingerprints on the visa card. No one gives a sh!t in DC. They are fat and happy

[Doogle]

Like this is new?

copy and paste: Mortgages for illegals ...On google under WEB

[boop]

"When lenders (and the loan originators) refuse to verify applicants identities to be factual and at the same time have the means to do so, isn’t that willful negligence and fraud?"

Are they "allowed" to do this? I thought that immigrants rights groups sue to forbid checking SSNs. For anything, employment, banking etc.

[norton]

"Can they pin the lien on whosoever buys the house from them after foreclosure without prior notice? "

Not likely since the bank itself would be the seller...at a loss.

All in all, this might be a good thing.
Most of FR has been trying to get people to listen to the logic that breaking the law to get in leads to breaking the law while here, leads to someone else paying the price.
It's kind of nice to think it's the very financial structure that facilitates money transfers (for profit) that will also be stung by foreclosures caused by their shoddy loan policies (profits).

[WOBBLY BOB]

and now Bank of Illegals is buying Countrywide.

[DownInFlames]

Standard practice by any lender is to pull their credit. There are 3 credit reporting agencies and if the SSN doesn’t match the credit report and verifiable drivers license, that should be a red flag.

If the lender proceeds with a fraudulent SSN, then they are guilty of wire fraud and RICO laws. I see some lenders and loan officers going to jail.

[RSmithOpt]

How can that then apply to US citizens? They ask for a tax ID number, which, in many cases, is our SSN#. So, there is a number that can be verified. How in the heck does a bank loan 100's of thousands of $$ to people they cannot verify their identities? If not a citizen then, the tax ID number should travel with that person whose been working and paying taxes, otherwise, who is that person and are they telling the truth about their employment as a means to show their incomes?

A lot of folks somewheres been a lyin' like the devil on this greenback orgy.