FREEPER DB POSTED: Here's what they did in my area: (Illegal) family member buys house and gets teaser loan. Family member sells house to another illegal family member for $50k more. That illegal family member gets teaser loan. That family member sells house to yet another family member for even more again getting a teaser loan. They repeat this multiple times.
The last family member defaults on the loan and goes back to Mexico. The other family members walk away with a couple hundred thousand dollars of the banks money through all the repeated selling between family members. No one is accountable. Now repeat this on a broad scale and you can get an idea of what was going on...
INVADERS' DEFRAUD---TAXPAYERS PAY Multiply this mortgage scam by millions of invaders squatting on US oil. Better believe the Mexican govt was in on the scam----and profited along with the invaders.
Wow very revealing here, guess the talking heads have forgotten to talk about this one so far.
“FREEPER DB POSTED: Here’s what they did in my area: (Illegal) family member buys house and gets teaser loan. Family member sells house to another illegal family member for $50k more. That illegal family member gets teaser loan. That family member sells house to yet another family member for even more again getting a teaser loan. They repeat this multiple times.
The last family member defaults on the loan and goes back to Mexico. The other family members walk away with a couple hundred thousand dollars of the banks money through all the repeated selling between family members. No one is accountable. Now repeat this on a broad scale and you can get an idea of what was going on...
INVADERS’ DEFRAUD-—TAXPAYERS PAY Multiply this mortgage scam by millions of invaders squatting on US oil. Better believe the Mexican govt was in on the scam——and profited along with the invaders.”
Unfortunately their culture is more prone to committing and accepting criminal activity.
Mark - llegals and mortgage frauds reference.