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Barely Legal: Homeownership for Illegal Immigrants

Next Tuesday at 9:00 on the beach anti-immigrationists are hosting a bonfire. What better place to burn your Social Security card? See, they figure you will not need it anymore. Just grab yourself an Individual Taxpayer Identification Number and all is good, especially for illegal immigrants. With the tax ID number immigrants can get a drivers license, purchase firearms and now purchase a house. No credit? No problem! Really. Just show the lenders some bills you have paid and make sure you have kept your job for a while and you, too, could become a homeowner without a FICO score for the same rate as those with FICO scores. As long as you pay your taxes, the IRS does not care.

Will the bank take a hit if you get deported? Yes, but that is a chance they are willing to take for tapping a growing ?undocumented? new market.
· Despite Illegal Status, Buyers Get Home Loans [LA Times]