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re: Texas homes are being foreclosed mid-life due to ICE deportations?

Posted on 12/13/25 at 7:46 am to
Posted by LemmyLives
Texas
Member since Mar 2019
13392 posts
Posted on 12/13/25 at 7:46 am to
quote:

How the F%^K do you get a mortgage when you aren't legal ?

That's on the lenders.

Plus how many immigrants have 20% for a down payment.

The FHA residency requirements allowed it. You don't need 20% for a down payment anyway. Funny this article was written now, since the FHA residency requirements don't take effect to block illegals from FHA mortgages until May:
quote:

“HUD’s revised residency requirements for FHA-backed loans, which take effect on May 25, will apply to Deferred Action for Childhood Arrivals (DACA) recipients as well as individuals who are pending asylum or pending refugee status, according to HUD, since there is no guarantee that their residency status will be renewed under the current administration.

The new policy eliminates the ‘non-permanent resident’ category entirely from the FHA’s Single Family Title I and Title II programs, and reverses a Biden-era policy which allows FHA loans for DACA recipients who provide a valid Social Security Number and work eligibility status.
Posted by Bass Tiger
Member since Oct 2014
53741 posts
Posted on 12/13/25 at 7:47 am to
quote:

Who knew immigrants lived in houses?


It’s like millions of people who weren’t here 4 years ago drove up the demand for housing.




I've posted on this forum several times over the past 5 years if the tens of millions of illegals were removed from the US there wouldn't be a housing shortage. I know for a fact it's pretty common for 2 or more illegal families to share a home and the related costs of buying and maintaining a home.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
112551 posts
Posted on 12/13/25 at 7:53 am to
This and Tricolor will be a hard hit for the economy, but worth it.

This nation needs a good old 18th century bloodletting.
Posted by LanierSpots
Sarasota, Florida
Member since Sep 2010
69635 posts
Posted on 12/13/25 at 8:00 am to
quote:

Well these homes will go to auction and lower income and potential first time home buyers will have opportunity to purchase an affordable home



And then not be able to keep them up and they will either lose them or the houses will deteriorate and bring down home values for everyone around them


You cant give people shite that they cant afford. Plain and simple. It will never work


Posted by KemoSabe65
70605
Member since Mar 2018
6365 posts
Posted on 12/13/25 at 8:01 am to
There’s programs for that Baw
Posted by the808bass
The Lou
Member since Oct 2012
125439 posts
Posted on 12/13/25 at 8:03 am to
quote:

How the F%^K do you get a mortgage when you aren't legal ?


How do you do anything?

The system is set up to allow them to be illegal. It’s all a wink wink system. From drivers licenses, to home loans, to Medicaid, to voting registration, to enrolling your child in school.
This post was edited on 12/13/25 at 8:04 am
Posted by LemmyLives
Texas
Member since Mar 2019
13392 posts
Posted on 12/13/25 at 8:11 am to
quote:

the houses will deteriorate

Lower income home owners let this happen all the time, regardless of their immigration status.
Posted by loogaroo
Welsh
Member since Dec 2005
39587 posts
Posted on 12/13/25 at 8:18 am to
quote:

The system is set up to allow them to be illegal. It’s all a wink wink system. From drivers licenses, to home loans, to Medicaid, to voting registration, to enrolling your child in school.


A 4cubbies wet dream.
Posted by stout
Porte du Lafitte
Member since Sep 2006
179516 posts
Posted on 12/13/25 at 8:18 am to
I have seen this spreading, and this is not unique to just illegals FYI.

I understand it's news because it's illegals but I have managed foreclosures for 15 years, and people leaving behind everything happens often. Food, pets, and literally everything. Sometimes we find out the person was single and died but other times it's usually a bad divorce or something.

Sometimes people move to a smaller place so they only take the necessities and leave behind half their stuff.

We have a house to clean out next week that even has a ZTR mower and a 2012 Dodge Ram left behind.

I won't embarrass him, but we once managed a foreclosed house of a former LSU basketball player, and he left behind all of his LSU memorabilia. Thankfully, the neighbor knew how to get in touch with him otherwise, his stuff would have been eventually hauled away and gone forever.
This post was edited on 12/13/25 at 8:23 am
Posted by BTROleMisser
Murica'
Member since Nov 2017
9472 posts
Posted on 12/13/25 at 8:57 am to
Report those homes to ICE. My rental house in Jefferson Parish just depreciated $20K in value out of nowhere in the last month, Guessing the ICE raids have something to do with this. I don’t rent to illegals and I am completely okay with this if it’s getting these parasites out of our country. But it’s crazy that illegals have been inflating home and rental values like it is beginning to appear they have.
This post was edited on 12/13/25 at 9:05 am
Posted by BTROleMisser
Murica'
Member since Nov 2017
9472 posts
Posted on 12/13/25 at 8:59 am to
quote:

Plus how many immigrants have 20% for a down payment. They pool resources and live with two or three families.


And probably had help from NGOs receiving tax payer funds.
Posted by BTROleMisser
Murica'
Member since Nov 2017
9472 posts
Posted on 12/13/25 at 9:01 am to
Until BlackRock swoops in, offers well above asking, all cash, waives inspections, and pays closing costs.
Posted by BTROleMisser
Murica'
Member since Nov 2017
9472 posts
Posted on 12/13/25 at 9:04 am to
4chubbies is flicking her smelly little bean to the OP and the comment section as we speak.
This post was edited on 12/13/25 at 9:06 am
Posted by BabyDraco1499
Hellexandria
Member since Nov 2025
818 posts
Posted on 12/13/25 at 9:10 am to
Posted by HubbaBubba
North of DFW, TX
Member since Oct 2010
50885 posts
Posted on 12/13/25 at 9:20 am to
What exactly does "mid-life" mean in terms of mortgage-speak?
Posted by LemmyLives
Texas
Member since Mar 2019
13392 posts
Posted on 12/13/25 at 9:34 am to
It's not mid life of the mortgage, it means leaving while the coffee pot is still on.
Posted by HubbaBubba
North of DFW, TX
Member since Oct 2010
50885 posts
Posted on 12/13/25 at 9:53 am to
quote:

It's not mid life of the mortgage, it means leaving while the coffee pot is still on.
You are telling me what it isn't and then giving me an analogy that explains nothing and expects me to draw my own conclusion. Thanks, I guess.
Posted by billjamin
Houston
Member since Jun 2019
16648 posts
Posted on 12/13/25 at 10:20 am to
quote:

Yes, Tricolor Holdings specifically marketed to and provided car loans to customers who were excluded from traditional banking systems, which included a significant number of undocumented immigrants and individuals with little to no credit history.

How does that relate to the fraud by tricolors capital markets team? I’m not sure you have any clue wtf you’re talking about.
Posted by jnethe1
Pearland
Member since Dec 2012
17054 posts
Posted on 12/13/25 at 10:51 am to
So you mean to tell me that the competition for housing in America is being eliminated so that it opens the door for American to own houses? How awful
Posted by hawgfaninc
https://youtu.be/torc9P4-k5A
Member since Nov 2011
53503 posts
Posted on 12/13/25 at 12:23 pm to
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