Hello I would like to thank you all and wish you all a great success with real estate. I would like to know if I have prospects who are in the spanish community and don't have right social security card or don't have any at all. but have a tin number is there still lenders and is this still legal. Iam in Norwalk Cal thank you I want to do things right and not get into problems

Wells Fargo Continues to accept the matricula consular card issued by Mexico as ID for a loan. At least they did the last time I checked. I had heard that Bank of America was as well.

If they don't have the "Right" social security card, we call that "Fraud". Commiting fraud with a social security card is a Federal Offense.

This inlcudes a fraudulent (IE: counterfeit) card or a card that actually belongs to someone else - even if you are using that card with the permission of the cards valid holder.

This is not a good time to be a person who facilitates or in any way supports the efforts of illegal aliens to obtain financing using falsified identification.

You may be aware of the burbank police now having a policy of verifying residency status with those currently in custody or arrested.

This trend is gaining momentum.

If a licensed real estate agent were found to be facilitating the efforts of an illegal alien while committing fraud, I would suspect that you would be likely to face charges of your own.

Just having a TIN (Taxpayer Identifcation Number), to my knowledge, is not going to help with identifcation for obtaining a loan. Although I would guess one is required in addition to identification.

For those who care more about this subject, here is a good link with information on the Matricula Consular card.

http://www.house.gov/garymiller/MatriculaConsularCardsMythandFacts.html

R