Illegal Aliens . . .

[rudder]

Originally posted by: sourceninja
I am ok with people outside of this country buying land and goods in the US. I am even partially ok with illegal workers who have taxes taken out of their paychecks. I am not ok with illegal workers who ship their money out of the country, use our welfare/medicaid system, and work for lower then minimum wage. It is those things which hurt this nation.

I always wonder how muchof those taxes taken out of an illegals paycheck make it to government coffers. Some of it sure, in the same way a waiter has to claim some of his tips on a tax return.

If you want to fight illegal immigration you need to go after the companies employing illegals.

 

[piasabird]

There has been foreign investment in the USA for a long time.

 

[Corn]

Originally posted by: CaptnKirk
Why doesn't anyone look at the obvious problem here.

Do you think that these 'Illegals' are getting the best interest rate on the mortgage ?
Anyone think that they're able to finance in the 5 % to 7 1/2 % range?
Want to bet that they are paying above 10 % for the convenience of NOT being a legal resident ?

What do you think about what is called 'Predatory Lending Practices' ?
Is it OK to rip people off because they are not in a position to take legal action against a company that plays them for quick large profiteering ?

How many do you think get taken on a joy-ride for their 'Investment' when they miss a payment & the lender kicks them to the curb
and takes the property because they know that the buyer does not have the recourse to take it to the agencies that could protect them -
if they weren't 'Illegal' and would face deportation if they were exposed.

I don't care if they sneek in and try to better themselves, and contribute to the good of our society, but to have realtors and
mortgage lenders actively encouraging the circumventing of laws for their own fast profit reeks of a conspiracy against those who are legal citizens.

I get the feeling that even though you quoted lots of verbiage from the LA Times article, you read very little of it.

Of course an illegal immigrant will probably not "qualify" for the lowest of interest rates--mortgage lenders do make lending decisions based upon risk. It's no different than legal citizens with bad credit, or no credit history, who won't see that 5% rate either. The federal government, most states, and an ever growing number of metropolitan cities have enacted predatory legislation to protect against usurious property transactions.

Citi isn't in the business of foreclosing on homes, they earn the profits from people making their payments. A lender can't just reposess a property on a whim, each state in this great union of ours has rigid foreclosure procedures which must be followed. A lender can't just change the locks for a missed payment, a civil judgement must first be entered in favor of the lender and even then a redemption period, typically 6 - 12 months, is mandated prior to eviction.

I don't work for Citi, but for one of their competitors. Statistically our losses incurred in foreclousre run ~30% of the loan amount. This results from not being paid 12 - 18 months before we can evict as well as the typical poor condition and unmarketable property we are left with. Yeah we make tons of money selling our repos for pennies on the dollar at auction. :roll:

Your concern for these illegals at the mercy of the Citi's is unfounded and unwarranted. The people who vicitmize the ignorant, naive, and the poor are not legitimate lenders like Citi, they are the small fry opportunist theives: Those setting up unrecorded land contracts and lease options requiring down payments with unrealistic terms and little chance for the borrower to obtain real financing prior to a balloon, or the scam artist property flippers selling a piece of garbage for an over inflated price.

 

[CaptnKirk]

Another factor is the lenders' low profile. Citibank, for example, has been offering loans to illegal immigrants in California under a pilot program since September. But it has not advertised widely and wouldn't discuss details with a reporter. It has relied largely on ACORN and individual immigrants and real estate agents to get out the word.

Oh yes, 'Citi' - a leisure service of the House of Saud.

Dedicated to helping people around the world - since 9/11/2002, great people.

 

[1EZduzit]

Originally posted by: Amplifier
When we don't report wages for a worker we end up having to pay the taxes through our increased revenue. While we do get out of paying Social Security none of those people are eligable anyway.

Employers who knowingly hire cheap illegal workers should have an example made of them. Big, big fines and jail time. The law is the law.

 

[bamacre]

Originally posted by: zendari

Originally posted by: dmcowen674

Originally posted by: bamacre

Originally posted by: dmcowen674
I personally witnessed 20 illegals piled up into homes where I used to live and it forced me out of there.

How did you know they were illegals, and why did this make you move?

The subdivision became overrun with them, difficult to drive through the road because there was vans parked everywhere on both sides of the street and the yards.

The houses got trashed, unkept and multi-colored when they did paint.

Latin Graffitti got painted everywhere, fences, street, street signs, electrical boxes etc.

Extremely loud as they would play latin music all through the night so you cannot sleep.

Also loud with all the roosters and chickens howling from the backyards.

I can go on and on but you should get the idea.

This should happen to every Elitists subdivision on this board.

Latin music? Doh! They must be illegals, deport em!

Hey! I like a little Xavier Cugat every once in a while :|

 

[Corn]

Originally posted by: CaptnKirk
Another factor is the lenders' low profile. Citibank, for example, has been offering loans to illegal immigrants in California under a pilot program since September. But it has not advertised widely and wouldn't discuss details with a reporter. It has relied largely on ACORN and individual immigrants and real estate agents to get out the word.

Oh yes, 'Citi' - a leisure service of the House of Saud.

Dedicated to helping people around the world - since 9/11/2002, great people.

One of the reasons I quit posting here at P&N is exemplified by the above quote.

Nobody said they were in the business to "help people". They're in business to earn a profit. Nothing I stated in my previous post indicated otherwise. As I clearly stated, Citi (and every other lender) earns a profit by their debtors paying their monthly bills. Foreclosing on a home results in a loss to the lender, not a profit.

I can guarantee you why the "low profile" as it is spelled out for you right in your quote: "pilot program". As a lender we "test market" every single one of our offerings prior to marketing it to all our client base for the following reasons:

To guage interest.
To identify risk and benchmark profitability.

The "low profile" /= the dubious meaning you are attempting to ascribe, they are simply trying to guage their risk exposure in a small chunk.

I return P&N back to those who deserve it.

 

[1EZduzit]

Originally posted by: rudder

Originally posted by: sourceninja
I am ok with people outside of this country buying land and goods in the US. I am even partially ok with illegal workers who have taxes taken out of their paychecks. I am not ok with illegal workers who ship their money out of the country, use our welfare/medicaid system, and work for lower then minimum wage. It is those things which hurt this nation.

I always wonder how muchof those taxes taken out of an illegals paycheck make it to government coffers. Some of it sure, in the same way a waiter has to claim some of his tips on a tax return.

If you want to fight illegal immigration you need to go after the companies employing illegals.

That would be a good start. Just because an illegal is willing to do a job for less then an American is no reason to let companies break the law. They are basically stealing.

I get tired of all the implications that the american worker is too lazy to do the work, because I KNOW he's not. Perhaps if he could save some of his money and take a early retirment to another country where that money is worth 10 times what it is here and where, BTW he has full citizenship he could afford to work cheaper also.

 

[CaptnKirk]

You know what Corn, maybe I have a problem with any company that extends special help FOR PROFIT to any Illegal Immigrants -
people who SHOULD NOT EVEN BE HERE IN THE FIRST PLACE, especially in the light that you or I, as Citizens of the US,
are NOT ALLOWED to buy - as in PURCHASE - land in Mexico.
We can lease it for 99 years, but that property returns to the Government of Mexico at the end of the lease,
or in case of death at that time, you can't pass it along to heirs.

I have lived among people of Hispanic ancestory for over 60 years, and I don't have a problem with the people -
it's the business aspect I don't like - smuggle them in, pay them trash wages, take advantage ot their plight - for a fast buck.
There are a lot more Mexican Americans here than there are 'Illegals', and more and more what I am seeing are not 'Mexicans' -
but illegal imigrants from South America, Guatamala, Columbia, Chile, etc. Brown skined people speaking Sapnish - not really Mexican.

The entire border from Texas to California on both sides are populated by stock that are decendants of Indians,
those who happened to be in the right area when the US gave statehood to Texas, New Mexico, Arizona, and California became 'Native Americans' -
those who were located a little further south became 'Mexicans' - funny, they were Indian Tribes in their own country until
someone else defined what their country was.

Word is that 10% of the entire population of the coungtry of Mexico is in the United States.
Wonder how many of this alledged 10 % are not even from Mexico, but from South America.

 

[Corn]

Illegal immigration into this country is a problem that greatly concerns me as well. You would find my opinions regarding this matter might mirror yours Tiberius, but at least you can be certain that when I argue a point, I'm going to be honest about it.

My original reply was in regard to a post in which you feigned concern for the well being of poor taken advantage of illegal immigrant who isn't going to get the same low interest rate as the documented income earning citizen with perfect credit. You cloak your rant in compassion where none apparently exists.

it's the business aspect I don't like - smuggle them in, pay them trash wages, take advantage ot their plight - for a fast buck.

Which legitimate businesses smuggle these immigrants into the US? Can you name me one or two as an example?

Speaking of the "plight" and "trash wages", explain why this "plight" exists to begin with and why are they so eager to risk death entering our country covertly for these "trash wages"?

Be honest for a moment, if it were up to you, what would you have done to every illegal immigrant who is identified within our border?

Send 'em back from whence they came? So much for compassion!

Grant permanent resident status? The only true "compassionate" choice IMHO.

Either you want 'em here or you want 'em gone.

My personal preference is granting permanent resident status to those already here then strictly enforcing/patrolling our border.

You're right, illegals "SHOULD NOT EVEN BE HERE IN THE FIRST PLACE". The reality is that illegals are here, and they want to purchase homes. I see nothing ethically wrong with Citi offering them the chance at attaining a portion of the American dream and I have nothing against it being priced according to the risk. What does it matter that Mexico doesn't allow non-citizens to buy land there? Are they not free to determing their real property legislation, they are a soveriegn nation arent' they? Are you saying that because they do it, we should follow suit?

China executes drug smugglers. Should we as well?

 

[CaptnKirk]

There have been a couple of 'Migrant Amnesty' programs in California, which granted Instant Papers to those who came forward -
during a specific timeframe, there was a rather large response, but more did not come forward than actually did.
Not too many illegals are that open in trust of Immigration Officials & Border Patrol.

That response was met with an increase in the number of additional illegal immigrants coming in -
with the hope of being here when the next offer of amnesty was proclaimed.

Our nation is a hodge-podge of immigrants to begin with, and now the mentality of ' I Got Here First -
You Stay Out, I Got Mine' is driving another wedge between the haves & have nots.

Should the US as a whole offer blanket amnesty to the world and let everyone run in here ? Maybe.
We heavily screen as to what our Government deems to be desireable and undesireable people,
with quite a bit of biggotry tossed in to boot.

I think our border paranoia is a mess, and too much 'Blame' is being placed on Mexico.

And about a company making a profit - that's fine, but there are some 'Ethics' that need to be observed -
Covert assistance to Illegal Immigrants, for a profit, by a company - is not only unethical, it borders on illegal activity itself.
Ading and abetting criminal activity is what I think it fringes on.

 

[OFFascist]

Originally posted by: dmcowen674
This should happen to every Elitists subdivision on this board.

I no elitist, I dont live in a subdivision, 60% of my city is Hispanic already.

My neighbors dont play loud music, none of them have chickens or roosters (althought someone in one of my friends neighborhood raises them).

I can go on and on but you should get the idea.

Yeah I get the idea, your just another in a long line of whites who have been scared off by change.

White flight is nothing new. Its apparently in your nature.

 

[dmcowen674]

Originally posted by: OFFascist

Originally posted by: dmcowen674
This should happen to every Elitists subdivision on this board.

I no elitist, I dont live in a subdivision, 60% of my city is Hispanic already.

My neighbors dont play loud music, none of them have chickens or roosters (althought someone in one of my friends neighborhood raises them).

I can go on and on but you should get the idea.

Yeah I get the idea, your just another in a long line of whites who have been scared off by change.

White flight is nothing new. Its apparently in your nature.

So noisy, trashy looking hell hole is your idea of a great new America change???

 

[OFFascist]

Originally posted by: dmcowen674
So noisy, trashy looking hell hole is your idea of a great new America change???

Nyet, but I'm damn fvcking sure that running away like you and your kind do isnt going to be doing much of anything to stop any such problems.

White flight is the cowards way out.

 

[Zebo]

Ive known this to be true for a very long time being from SoCal and lots of Mexicans go to my Church (about half). Meh no biggie it's really the right thing to do rather than make them pay someone else's mortgage while getting full benefit of them being here. I have more an issue with the foreigners who drop an anchor baby at our free hospitals, get on welfare, foodtamps - the whole shabang and don't do squat...but then I've never liked welfare even for Americans.

As far as population density, yea it's a problem some people don't apprecaite.. (except thier RE appreciation) No problem, Montana and much of the country is wide open as is Canada.

 

[Zebo]

Originally posted by: rudder

Originally posted by: sourceninja
I am ok with people outside of this country buying land and goods in the US. I am even partially ok with illegal workers who have taxes taken out of their paychecks. I am not ok with illegal workers who ship their money out of the country, use our welfare/medicaid system, and work for lower then minimum wage. It is those things which hurt this nation.

I always wonder how muchof those taxes taken out of an illegals paycheck make it to government coffers. Some of it sure, in the same way a waiter has to claim some of his tips on a tax return.

If you want to fight illegal immigration you need to go after the companies employing illegals.

It depends on the illegal worker. The more transiant ones, who just want a temp visit and send all thier money home just declare "EXEMPT" on thier W4 and pay zero Federal Income Tax. But are still stuck paying SS and Medicare..about 8.5%. Naturally they switch SS numbers every year or so so FEDs don't catch on. But the huge majority I know pay taxes just like any normal American because they want to stay, build credit and build a future.