Are Illegals losing their homes due to the mortgage crisis?

Question

Are Illegals losing their homes due to the mortgage crisis?

Answer 1

Actually no - I am assuming you are referring to mostly Latino illegals.  First of all most of the illegals just rent.  Secondly the Latino demographic is doing the best out of any when it comes to having the lowest forclosure rates.

Answer 2

No, they have free medical and all the social programs so they always have plenty of cash to make their payments.

Answer 3

The morgage crisis is very serious, but it is hardly a problem facing only illegal's. Illegals constitute the smallest group facing this crisis.

  A lot of factors are involed which basicly come down to the arrogant greed of bankers and investment houses. While using client money they have done some most unethical ( I say crimminal) but hey, Neil Bush, while his dad was president wiped out a Savings and Loan to the tune of $300.BILLION dollars.(tax payers pay that back) The courts treated him like a dim 3 year old as he arrogantly refused to admit wrong doing. What he thought was sooo unfair was that poeple at the country club his wife and he belonged to started to snub them. And he had the nerve to whine about it!!

      Unfortuntantly Neil Bush is merely a symptom of a corrissive corruption that is so entrenched ,stealing from the middle and poor to further enrich themselves is now part of their pshycy.  Most forclosures are a result of some slick con man coming around to working class families and seducing them to take out another morgage on their house. Lying outright and inflating the value 300% to 400% and higher of the true cost. These people would never have done such a thing if not for the constant reassuring and temting with thoughts of, whatever, new car, outdoor pool, etc.,

  Then with in weeks the banks say the house is over valued BE OUT IN 2 WEEKs if they are lucky. I noticed nobody is calling for the apprehension of these despicable brokers that went around in the first place, as the banks claim "sorry you were victom of a fraud, you still have be out in 10 days and we don't care how many kids you have"

  I mean a person would have to be a dunce not to see it was the banks sending these deploreable agents out. Banks are desperite for all their stupid greedy investments in dirivitives. This like using investers money and going to a casino, worse. They bet on things like interest rates, foreign econemies and they get to keep these OFF BOOKS .

  Instead of being punished most go off to even bigger financial houses....Mary.

Answer 4

I doubt it - most illegals DONT have mortages, they rent in the private sector and claim rent rebates fro the councils and DSS xxxx

Answer 5

What do you mean are they losing their homes?

They don't have homes, they're here illegally and just hiding out in someone else's home.

Illegal citizens rent, they do not have the power to buy homes.

The mortgage crisis has nothing to do with them, it only affects the legal citizens who are financing homes.

Answer 6

Wheir homes are mostly in Mexico and they abandoned them when they invaded America.

Answer 7

No they are losing their home because they are ILLEGAL!

Answer 8

Who cares? They are illegal! They should not be allowed to own anything to begin with. Human sponges. Get back home and build a new three bedroom mud pile in your own country.

Answer 9

I hope if they are loosing their homes it's because they have been deported. Also why is it every time someone mentions illegals and some moron always assumes that it's about the Hispanic community? I want ALL illegals out and treated the same when their being thrown out, horribly!

Answer 10

Who CARES!!

Answer 11

illegals should not be allowed to own a house anyway....if you went tomexico they wouldnt let you own anything

Answer 12

Only if the landlords they rent from do!  

The flippers, and other capitalistic opportunists who took advantage of the rising market, and interest rates; those are the ones who shall hopfully lose the most.

When the median house price and the median income do not match we all lose though....

Answer 13

The illegals can't afford homes.

It's the yuppies that are stuck.