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February 25, 2005
 
 

Illegal Aliens Use Fake ID's to Get FHA Loans, Guaranteed by the Taxpayer


"More Americans are homeowners than ever before thanks in part to government-backed loans that help young homeowners get into their first house. But with a government system so focused on homes sales, is any agency checking to make sure that undocumented immigrants are prevented from getting such loans? Who is verifying identification?," asks ABC TV in Denver. "How is it that an undocumented immigrant can use a phony Social Security number to get a government-backed loan to buy property in Colorado? 7NEWS Investigator John Ferrugia has been tracking cases involving Federal Housing Administration loans and said the homeland security implications are dramatic. With phony documents, terrorists or drug dealers can launder money, set up sleeper cells, or support smuggling operations in residential communities anywhere in the state. 7NEWS' has found that there is no government agency that has responsibility to verify the identities of anyone buying real estate."