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mortgage for status withholding of removal

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  • dev199108
    replied
    car reverse parking camera with display price in india

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  • federale86
    replied
    Of course, the new bill has a specific provision for those in deportation proceedings. You get a free mortgage as long as you maintain your withholding status.

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  • Hudson
    replied
    <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Posted 03-10-2009 09:59 PM Hide Post
    Why this even came up is a mystery. The premise of her question was if a 'right' existed to buy. It doesn't. The privilege does provided the usual requirements are met. </div></BLOCKQUOTE>
    When I read her post, the word "right" was not meant as an inherent right or inalienable right, but the legal ability to obtain a mortgage based on her special immigrant status. It is also why I included the information so that if or when she signs the mortgage papers, she might have some little clue on what she is signing.

    As for what they, the bands, want to see, it depends, I have seen it both ways davdah. It just depends. It just depends on the front end ratio on the mortgage requirements, among other things. But I do believe the B paper has dwindled to nonexistence and should remain there. And this is where you and I can, at least agree.

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  • Hudson
    replied
    <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by davdah:
    Just read the rest of your diatribe Hudson. When was it ever required for a person to read the patriot act in order to buy a house, LOL.

    Those things you mentioned all boil down to one thing. The bank will want to insure the money being used for the purchase is coming from a legit source. In simple terms the bank may want evidence to show a person's job is real or sources of funds are from a non-criminal source. But it does not require becoming well versed in the BSA or patriot act. </div></BLOCKQUOTE>
    The Patriot Act, as well as the others mentioned, help prevent money laundering which is where financial institutions are the first line of defense.

    Again, it depends on how the transaction is being financed. The forms are required, generally, whether one is using an "angel," self finance (deed contract), gift of equity, or loans from friends or family, among others. the paperwork that is signed verifies identity and makes sure that certain transactions do not conform to the prohibited transaction list of OFAC or BAX.

    As for the banks, it is not a maybe, but definitely.

    But even with this, there is no law that abridges her from obtaining a mortgage as long as the patriot act requirements is met, among other things.

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  • Kollerkrot
    replied
    <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by davdah:
    Again, there is no right to a mortgage. Those days are over where it seemed it was as easy as buying a newspaper. Better be able to prove status and of course have the preferred credit rating and a sizable down payment. </div></BLOCKQUOTE>

    Of course she can get a mortgage. You don't even have to be a citizen to buy/own/invest in this country. As long as you pay your stuff (and you don't forget the IRS) you'll be just fine. You have no idea how much property in this country is foreign owned. What do you think I do? I have mortgage! If, I would not win with USCIS, I'll go to Europe and still keep my property here.

    ...tssss!

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  • Hudson
    replied
    <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Lyric:
    <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by charla:
    I will never be removed </div></BLOCKQUOTE>Technically only U.S.Citizens or legal permanent residents following the law can claim that. </div></BLOCKQUOTE>
    Lyric,
    I would not be so sure about that statement.

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  • Hudson
    replied
    <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by charla:
    Hello, I have status Withholding of removal,wondering if I have right to recieve mortgage </div></BLOCKQUOTE>
    Hi Charla and welcome to the forum.

    Well, first, congrats on a tentative asylum approval under INA 241(b)(3).

    There is no U.S. law that prevents you from obtaining a mortgage or property of any kind, etc. Under the Check 21, Patriot Act, and the Bank Secrecy Act laws, part of the paperwork for obtaining a mortgage is to verify identity only. Additional paperwork is required for all non U.S. citizens and how they are financing the transaction. As long as the OFAC (Office of Foreign Asset Control) or BAX (Bureau of Export control) are not involved, along with meeting the financial institutions financial requirements, in the transaction, then it should be fine at some point in the future.

    But because you are on a temporary status under asylum, the question remains how long will you stay and how likely will the government pursue the deportation order again.

    NOTE: I guess Davdah never read FIRPTA, Bank Secrecy Act, or the Patriot Act and how it affects real estate transactions. Maybe he can show where in U.S. law that this cannot be done.

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  • Lyric
    replied
    <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by charla:
    I will never be removed </div></BLOCKQUOTE>Technically only U.S.Citizens or legal permanent residents following the law can claim that.If I'm not mistaken,those who have witholding of removal can apply for a work permit at the most & is limited only to the time period of the status.

    A home on the other hand suggests long term if not a permanent stay,which you current do not have.Anyway,I don't see why you wouldn't be able to get a "mortgage" since even some who are undocumented have been able to get one somehow.

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  • charla
    replied
    I will never be removed

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  • charla
    replied
    Hello, I have status Withholding of removal,wondering if I have right to recieve mortgage

    Leave a comment:


  • charla
    started a topic mortgage for status withholding of removal

    mortgage for status withholding of removal

    Hello, I have status Withholding of removal,wondering if I have right to recieve mortgage
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