Daily wire

Texas Developer Admits Colony Ridge Relies On Bad Loans To Foreign Buyers

A prominent Texas land developer with ties to Colony Ridge admitted that he profits off selling to unqualified foreign buyers, which could include illegal immigrants, an email obtained by The Daily Wire reveals.

Scot Campbell, the former head of the Texas Land Developers Association, made the comments in response to The Daily Wire’s initial investigation into Colony Ridge, a 60-square mile development north of Houston that’s become infamous for attracting illegal aliens to a once-quiet Texas town through its marketing and financial schemes.

“We will not be able to sell our developments if each of our buyers have to have [social security numbers], and we have to qualify each buyer as to the buyer’s ability to repay,” wrote Campbell, who also runs the owner-financing company SRC Land.

“It will kill our industry and will make our future resale of foreclosed lots worth a lot…

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