Is it illegal to buy a home as a mexican citizen because of bad credit?
Answer:
Let me know how it's done. I'm a citizen of the US with bad credit, and I can't do it.
It's perfectly legal.
No, it is not illegal, you may run into other issues because of your credit, not because you are a mexican citizen.
This site has many reports that will most likely answer most of your questions.
http://www.paynotaxesforlife.com.
Anybody can buy real estate in the US. You don't even have to be *here*.
Bad credit may stop you from getting the loan, but it won't stop you from buying the home if you've got the cash, and if your credit isn't that bad, the loan may be easier than you think (580 credit score can qualify for 100% financing).
If you are a U.S. citizen with bad credit and you want to pose as a Mexican citizen (I don't know how you would do that) for the purpose of hiding your poor credit score to obtain a loan to purchase property in the U.S., that would be fraud. No, that would not be legal.
If you are a Mexican citizen with bad credit and you want to buy a home in the U.S., you can do that. The lender, the seller, the agents, and everyone involved in the transaction must treat you the same as they would treat anyone else with bad credit. The Fair Housing Act prohibits discrimination in housing because of a person's national origin.
Also, don't just assume that a Mexican citizen cannot establish credit in the U.S.
I'm not sure exactly what you're asking. I hope this helps.
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