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Alien Bailout


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2007 May 1, 1:37am   19,421 views  266 comments

by Patrick   ➕follow (59)   💰tip   ignore  

Martian

Hi there,

I LIVE in southern CA, I’ve been reading these blogs and reports now for a few months.. AND I have to say that I have seen first hand the subprime types of loans and What type of people they are lending it to. What I mean by “first hand” is that I have friends, yes ,very good friends, that ARE illegal Aliens and they have gotten loans that I would NEVER have even considered… AND I made Alot more money than they do.. The sad thing is that before they got the loans, they informed me of their plan and I thought in my mind that ‘they will NEVER be qualified for one, because I know their alien status and I knew how little they made”… Guess what? I was wrong. On top of that, after they got the loan, I was the one that ‘read; it over for them to make sure that they understood what the monthly payments were gonna be and what type of loan they were getting in to. I advised them against it, BUT they ALL took the loans anyway.

So #1, I am caught in a very tough position. Yes, these are Very close friends of mine. I love them very much and I don’t judge them by their legal status, BUT I am so INFURIATED by our system that they would allow illegal aliens to get a loan to buy a home in the US whereas the real citizens (the legal, law abiding ones) get nailed for abiding by the lending guidlines and not taking on loans like these. #3, DON”T buy into this “its the low-income, hispanics, that Don’t understand english that are being taken advantage of… NO NO NO NO NO.. It is the other way around. THEY are taking advantage of our system and basically laughing all the way to the bank. And with the current ‘Bailout plan’ .. They seem like they will keep on laughing to the bank, because many o them will be ‘bailed out’..

What type of loans did they get?.. ALL of them 100% NO money down, stated income..and yes.. adjustable blah blah blah.

NOW how did they get these loans? Well on the loan documents their is one page that asks you if you are a permanent resident or a US citizen… And you know what?.. The bank or the loan officer just tell them to ‘MARK;’ the box that says that they are US citizen because then they will not ask to see proof. If you mark the box that says ‘permanent resident”, they will ask to see a copy of your green card, etc.. proof..
AND how did these illegal aliens get a VALID social security number so that you can check their credit history?… THEY BUY ONE. (How do I know?.. They tell me.. Remember we are very close friends.. I even know how much they pay for a good social security number..again.. they tell me ) Yes it IS ALL illegal.. ALL OF IT. SO all of you out there, I recommend you CHECK your credit reports Often.
You see its a WIN WIN situation for the illegals, because they got into the homes with NO MONEY down, they did it with a fake (bought) social security number… SO what’s the worse that can happen to them? Yes, they lose a home that they should not have been allowed to own AND their credit gets ruined.. OOPS.. NO not their credit.. Some other poor person’s credit gets ruined… ALL they have to do is BUY another Social Security NUMBER.. Do you GET the PICTURE yet???? AND the BEST that could happen to them if they took this NO RISK gamble… ?? Is that they WALK away with Hundreds of thousands of Dollars in Funny Real Estate Money.. So Can you BLAME These people for taking this OPPORTUNITY of a lifetime?

How do I know?.. Like I said I have VERY dear friends that are illegal aliens. AGain I love them very much. I don’t blame them for wanting to be in this country and doing whatever it takes to make it here.. ITS just a SHAME that our US govt. are NOT able to control nor protect its citizens. In fact , we are making being a citizen very unattractive when you see how much BENEFITS being and illegal has.

So PLEASE dont buy into the poor victim stories… They are NOT victims.. And please don’t blame the appraisers for it… A house will not be SOLD by they appraised value alone. You have to have a willing BUYER to pay the Price. We are being taken advantage and used and WE don’t even know it. Its just another strategy.. by whom.. I don’t know. But if I were them, I would be smiling too.. and telling ALL of my family members to HURRY and JET accross that border.. NO MATTER what it costs, CUZ life is REALLY good here in the US.

Huh, I could go on and on and on.. but I will stop here.. because we are talking specifically about real estate here.. AND frankly I’m tired.. tired of all this upside down mess. Do you know What the word ‘illegal’ means? Let me give you an example: It is illegal to murder someone.. What happens if you do?.. You go to jail for a long long time.. Another example. It is illegal drive past the speed limit.. If you are caught you PAY by getting a ticket…. get the picture?…

OK.. here WE are PAYING someone who has broken the law AND proposing other laws to bail them out.. in otherwords.. SUPPORT their illegal actions… Lord help us… What an UPSIDE down mess.

D.

#housing

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97   Malcolm   2007 May 1, 9:43am  

I do have to say that when I had rentals I never had a section 8 inquiry from someone who did not sound Spanish. I hope you guys appreciate the fact that I never did, nor will I ever rent to a section 8.

98   Malcolm   2007 May 1, 9:43am  

God that graphic is funny.

99   e   2007 May 1, 9:44am  

http://en.wikipedia.org/wiki/Proposition_187

Wow... what a complicated backstory:

Governor Pete Wilson was a prominent supporter. Opponents included State Senator Art Torres, who referred to Prop. 187 as "the last gasp of white America in California." The proposition came before voters on the November 8, 1994 general election, where it received 59% of the vote. It became law the next day. While its prominent advocates were political conservatives, some liberals (such as Los Angeles-based radio talk-show host Tom Leykis) also favored it, on the grounds that making life more difficult for illegal immigrants might result in fewer of them entering the state, creating labor shortages which could drive up wages for the lowest-paid workers. Meanwhile, some prominent conservatives, like businessman and failed GOP gubernatorial candidate Ron Unz, opposed the initiative.

100   Malcolm   2007 May 1, 9:47am  

There is one section of the 15 by Lake Hodges that would bring the whole N Co of San Diego to a hault if it were compromised. There are NO surface streets to get around this bottleneck. I'm just reading that 4/29 stuff, never thought it was deliberate, but I have thought that a deliberate attack on this particular stretch would do to San Diego what that fire did to SF.

101   Peter P   2007 May 1, 9:47am  

The best compromise is a combination of guest worker program, elimination of minimum wage, and strong immigration enforcement.

The first two items will make the last one politically acceptable.

102   Malcolm   2007 May 1, 9:48am  

We should put a sombrero and a black mustache on that alien, heh heh heh.

104   skibum   2007 May 1, 9:50am  

The most foolish thing you can do in a society where the law means nothing is to follow the law.

HARM, Now ain't that the truth. Unfortunately, we're more or less in that situation when it comes to both the housing/credit bubble (not partaking in the free sketchy money) and illegal immigration.

105   Malcolm   2007 May 1, 9:51am  

Peter, all of those good suggestions are for naught if immigration policy doesn't start with a leak proof border. I can't figure out what political forces are at work but something as obvious as this somehow doesn't get general support, and it wouldn't even cost that much. It really pisses me off.

106   Patrick   2007 May 1, 9:52am  

I worked in England for a summer and the visa form asked me to indicate my race. The choices were:

white
black
asian
irish

I kid you not. I felt like an Arab arriving at JFK.

Patrick

107   azrob   2007 May 1, 9:54am  

Betty is a piece of crap.

these are supposedly "very very dear" friends of hers, yet her letter if full of venom for these friends. And she seems to be debating ratting them out on some sort of loan fraud. Do you know betty that before the patriot act, you didn't need a social to buy a house? and maybe they had a cousin or friend buy the house, in which case there is no identity theft. YOU didn't see the loan docs, so you really don't know anything... But we can see how you think, and I feel sorry that these friends have someone as pathetic as you for a friend.

Their home buying is non of your business. In fact, I speak fluent spanish and portuguese, and my wife is from venezuela. I can assure you if you anybody asked me how i got my social or how i afford my homes, I would tell them/you mind your own damn business.

108   EBGuy   2007 May 1, 9:55am  

HARM,
I am no fan of corn-based ethanol (which arguably consumes more energy than it “produces”, so is actually more of an energy sink, not a viable energy source).
I will argue that it is net energy positive (although not by much). It is important also to note, that ethanol production is mainly a means of converting coal and natural gas to a readily transportable liquid fuel that can be used in todays vehicles. In another words, even if it is energy negative, there is still a case to be made for it (although it will have nasty CO2 emissions). I tend to favor UC Berkeley's meta-study which is a spreadsheet model that synthesizes the data from 6 independent ethanol studies. I am very curious how this will effect the corn-based food industrial complex which produces many of todays processed foods and animal feed. I know some farmers are already are starting to complain about higher feed prices. Hmmm.... grass for grazing -- how old school -- is starting to look better and better.

109   Malcolm   2007 May 1, 9:56am  

Hey Skibum, was watching some YouTube yesterday, and saw what we were talking about. Literally dozens of rich foreigners going to China for organ transplants knowing full well they are harvested from executions. I can twist this to the current topic because it is funny how we object to foreigners coming here and taking social services, but somehow it is ok because we have money to go overseas where the death penalty is literally being enforced by supply and demand of organs. I am getting more and more careful who I look down my nose at.

110   Peter P   2007 May 1, 9:56am  

Peter, all of those good suggestions are for naught if immigration policy doesn’t start with a leak proof border.

I somewhat agree. This is why the border needs to be militarized. I still think interior enforcement is a good deterrent though, although it also leads to privacy issues.

I can’t figure out what political forces are at work but something as obvious as this somehow doesn’t get general support, and it wouldn’t even cost that much. It really pisses me off.

Politically, there is no way enforcement can be carried out without some kind of compromise for businesses and illegals. The guest worker program is necessarily. Employers can still have access to labor and illegals can be legalized as non-immigrants for now.

111   Malcolm   2007 May 1, 9:59am  

I'm all for guest workers as you know, I'm talking more about the wimps trying to win a voting block by backing off of border enforecment. Amnesty is my new litmus test for candidates.

112   Peter P   2007 May 1, 10:00am  

Malcolm, look at it this way. Is it ethical to waste organs from executed prisoners if they could be used to save people?

113   HARM   2007 May 1, 10:00am  

The choices were:

white
black
asian
irish

So in Britain, "Irish" is considered "other than white". Wow.

114   Malcolm   2007 May 1, 10:02am  

Peter, I've concluded the same thing, however, China is the kind of place that will up the death penalty if there is enough demand for organs. This makes it an unethical practice.

115   Peter P   2007 May 1, 10:03am  

So in Britain, “Irish” is considered “other than white”. Wow.

Perhaps there is a choice for A and D, and All of the above.

116   Malcolm   2007 May 1, 10:04am  

Patrick, you're cracking me up.

I can't believe it, they made me feel like a nigger, how dare they?

117   Peter P   2007 May 1, 10:05am  

Peter, I’ve concluded the same thing, however, China is the kind of place that will up the death penalty if there is enough demand for organs.

If they merely speed up execution for existing convictions, it is all fine. But if they convict more people that would not have been sentenced to death, we are in a moral gray zone (80% gray).

118   Malcolm   2007 May 1, 10:05am  

I went to England for a year in high school, and yes, the same polock jokes are told about the Irish, but I had no idea that they literally distinguish on forms.

119   Malcolm   2007 May 1, 10:06am  

Peter, it's getting that bad.

120   HARM   2007 May 1, 10:07am  

Politically, there is no way enforcement can be carried out without some kind of compromise for businesses and illegals. The guest worker program is necessarily. Employers can still have access to labor and illegals can be legalized as non-immigrants for now.

I agree there's no practical way to deport 10-15 million people to their countries of origin. 30-some years of deliberate non-enforcement has definitely had an impact. Even so, any "compromise" measure that wants my support has to start with two things:
1) Real border security starting now --period.
2) Violations against people/employers who hire illegals must be enforced going forward. We basically don't fine or prosecute anyone for doing this now, which means zero disincentive for them to keep doing it.

121   skibum   2007 May 1, 10:07am  

Malcolm,

That doesn't surprise me about those who go to China knowing they'll be getting the kidney/heart/whatever from a prisoner. Humans will go to desperate measures when their lives are at stake. It's a sick form of supply and demand, enabled by the Chinese government.

Where I disagree with Peter P is that the ethical question is beyond "wast(ing) organs from executed prisoners." This places a moral hazard on the government to execute more and more prisoners for money.

To get back to the immigration issue, that's my beef with all this talk about reform - most proposed solutions present a severe moral hazard. Come here illegally because we'll let you stay in the end. Same with the credit cards, car insurance for illegals. Wrong.

122   Malcolm   2007 May 1, 10:08am  

Hey Harm, what about employers who 'check the paperwork' with a wink knowing it is false, but because they fill out the I9 form they are never prosecuted.

123   Malcolm   2007 May 1, 10:10am  

Skibum, literally doctors are setting appointments around the Chinese national day, because as part of the ceremony many prisoners, some guilty of drug usage, are executed.

124   Malcolm   2007 May 1, 10:12am  

Patrick, if it helps any, Ireland is going through a boom, and English people are going over there, taking menial work in areas like construction.

125   Peter P   2007 May 1, 10:16am  

1) Real border security starting now –period.
2) Violations against people/employers who hire illegals must be enforced going forward. We basically don’t fine or prosecute anyone for doing this now, which means zero disincentive for them to keep doing it.

HARM, I agree.

I do not know how anyone can oppose border militarization with a straight face.

126   Malcolm   2007 May 1, 10:19am  

Peter, the problem is they don't. They don't oppose it when the camera is on them, but somehow a few months later when it is no longer a hot issue no tanks ever show up. Remember that stupid Bush proposal for the National Guard to go, and then Mexico said they were going to call us names or something, now I don't ever hear anything about the National Guard on the border. My favorite quote from some AOL message board was, "so let me get this straight, we are sending 5,000 troops to NOT patrol the border?"

127   HARM   2007 May 1, 10:21am  

Hey Harm, what about employers who ‘check the paperwork’ with a wink knowing it is false, but because they fill out the I9 form they are never prosecuted.

Yup. Perhaps some form of tough-to-counterfeit national ID card is in order.

128   Malcolm   2007 May 1, 10:21am  

Bush actually said, the National Guard is going down there but will not be enforcing the border. WTF?

129   Peter P   2007 May 1, 10:22am  

They don’t oppose it when the camera is on them, but somehow a few months later when it is no longer a hot issue no tanks ever show up.

We do not even need tanks. Just a three-layer, 20-feet fence with UAVs and humvees will go a long way. The scale is much smaller than the Great Wall of China.

How about this... illegals may be legalized if they build the fence for free.

130   Malcolm   2007 May 1, 10:23am  

Hey Harm, how about actually putting a photo on the social security card? I like simplicity.

131   Peter P   2007 May 1, 10:24am  

And they all get free health services at any emergency room.

One thing though. True emergencies should not be denied care regardless.

132   Malcolm   2007 May 1, 10:24am  

I'd even consider putting land mines along the border but some people might think I'm a little extreme.

133   Peter P   2007 May 1, 10:25am  

I’d even consider putting land mines along the border but some people might think I’m a little extreme.

Only if the mine field is protected by 20-feet fences. We do not want accidents. I am a humanitarian and I believe tragedies should be avoided if at all possible.

134   Malcolm   2007 May 1, 10:25am  

Every time a land mine goes off we could check the organ donor waiting list though. Wow, I just came up with like three solutions to different problems in one go.

135   Malcolm   2007 May 1, 10:26am  

I'd pay for the warning sign to be written in Spanish.

136   Peter P   2007 May 1, 10:26am  

Every time a land mine goes off we could check the organ donor waiting list though.

What is left might not be what you want...

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