If so, that's crazy. When I bought my house, I had to jump through so many hoops just to get my mtg. and I'm an American so I don't see how anyone who is undocumented can get a mtg. in this country but then again this world is getting crazier by the minute.
2006-09-07 14:01:49 · 15 answers · asked by escapegrl1 3 in Politics & Government ➔ Immigration
But seriously, what Mexican can buy a house outright?? We talking at a minimum a $100G's...there's no way.
2006-09-07 14:10:52 · update #1
ibelieve - OMG!!!! As I shake my head in disbelief...we are in deep shiznit.
2006-09-07 14:19:27 · update #2
Yes, they are allowed and have better mortgage rate than you can imagine. It is an unfair practice that some are rated on their credit history and some are outrageously exempted. That is what you get for being a law abiding resident or citizen. You pay a stiff price for governments endorsement of illegal presence. You pay for the crimes that you somehow never committed.
2006-09-07 14:13:38 · answer #1 · answered by fanofkeanur 3 · 1⤊ 1⤋
I was technically not even an immigrant when I bought a home here in the United States. I was working and living here under the NAFTA agreement, which is a non-immigrant status. I did have a valid social security number, a job, and a decent credit rating.
Owning property has nothing to do with where you live. The hassles you faced had to do with the mortgage, not with the property purchase itself. If a foreigner happened to have enough cash on hand to buy a house, he could, regardless of his declared residence.
2006-09-07 21:54:23 · answer #2 · answered by heartlandcanuck 3 · 1⤊ 0⤋
NEW YORK (CNN/Money) - The banking industry is opening its doors to a controversial new market: illegal immigrants.
Despite heated political debate in Washington over illegal immigration in the United States, an increasing number of banks are seeing an untapped resource for growing their own revenue stream and contend that providing undocumented residents with mortgages will help revitalize local communities.
It's a win-win situation, they say.
2006-09-07 21:16:39 · answer #3 · answered by ibelieve 4 · 0⤊ 0⤋
Yes, they can through some banks. Bank of America comes to mind. If they have a stolen or "purchased" social security numbers and have an income they can get a mortgage.
2006-09-07 21:11:46 · answer #4 · answered by MEL T 7 · 0⤊ 0⤋
legally they cant but nowadays banks are doing it and the reason they can afford it they live 20 in a house so it's easy to make the payments.that does suck cause me being american cant even afford one with the high prices nowadays maybe i should say i'm illegal and get a fake social security #.
2006-09-08 23:38:49 · answer #5 · answered by BIGL 4 · 0⤊ 0⤋
Your citizenship status does not matter when buying a home because there are many Hispanic Realators who help them however the only thing that matters when buying a home is that you have the money. And yes, Hispanics also have money....most of them are hard workers and help eachother.
2006-09-08 00:47:02 · answer #6 · answered by malcriada24 2 · 0⤊ 0⤋
no, you need credit. Unless they happened to have enough money to buy the house outright. I dont think that is very likely though. Almost all rent.
2006-09-07 21:06:18 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Another question from another idiot.
Why does illegal alien imply Mexican? The illegal aliens who blew up the WTC weren't Mexicans, yet they were illegal. Are you more threatened by illegals from Mexico, than terrorists?
It's strange how all of these people have a problem with "Mexicans", not necessarily all illegal aliens.
2006-09-07 21:18:03 · answer #8 · answered by Anonymous · 1⤊ 3⤋
There is no citizen requirement for buying a house (or a car).
2006-09-07 21:04:41 · answer #9 · answered by Anonymous · 1⤊ 0⤋
yes.and the Realtors sell the homes to them knowing there illegal. it's all about money.
2006-09-07 21:06:51 · answer #10 · answered by Anonymous · 0⤊ 0⤋