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Realty tightens standards for its Hispanic customers

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“Su Casa Realty, one of the biggest real estate agencies catering to Hispanic immigrants in Memphis, has largely stopped selling homes to people without Social Security numbers, often a sign that they are here illegally.

Juan Romo, part owner of the Century 21 franchise, said mortgage programs for people who lack Social Security numbers aren’t likely to come back as banks clamp down on credit in response to the sub-prime housing crisis.

Also, it’s increasingly hard for illegal immigrants to keep steady jobs, he said.”*

*From: www.tradingmarkets.com
Traducido: usando Google o Altavista/Babel Fish

Posted on: April 9th, 2008
Curation from Tomás
Filed Under: 1. Hispanic News, Business, Business News, Real Estate, Top Stories, Your Money
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