Tuesday, November 22, 2005

Illegals Get that Mortgage Loan in California

ABC News reports on illegals getting a mortgage loan:
For many, it's the American dream: owning a home. With the recent spike in housing costs, it's become more difficult for many Valley families to qualify for a home loan. But some local banks are giving out loans, and they don't even require a social security number.

David seems like your typical first-time homeowner. The house is small, money's tight. But his family is happy. "It was our dream." he said. "So it was like our dream became true, finally."

But getting a loan from the bank almost didn't happen. An employee from the bank called and said it seemed they had a problem.

The problem was David's social security number ... it's a fake.

He is undocumented, an illegal immigrant. David thought it was a dead end, but not in California. It's among a few states where banks are offering mortgages to people who they know are illegal.

"He gave us good news, saying, 'oh, you have good credit, you've been good on your payments. Sure, we can help you out!,'" he recalls.
Could we make this up?