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Are there restrictions for foreigners purchasing foreclosed homes?

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January 29 2010 - Near East
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No, over 300,000 homes per year are sold to non-residents in the US. The bank simply wants their money at closing.
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January 07 2012
No, there are no restrictions for buying REOs (real estate owned by the Banks). As mentioned by my colleague, if the owner is FNMA or Freddie Mac, they give first preference to owner occupied purchasers. But after the initial period, every investor gets an equal chance. 
It is easier if you are buying CASH, cause getting a foreign national loan, requires a down payment of 30-40% and a slightly higher rate. 
But it is possible through a few banks mostly in California. [ website and self promotion deleted by Zillow moderator.  Please review our Good Neighbor Policy for posting guidelines]
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January 02 2012
No, not at all.  The only restriction you may find is that it is common for Fannie Mae and Freddie Mac not to accept any investor offers in the first 15 days.  But that applies to every one.

We have some great deals here in Central Florida.  Click on my picture if tou want to know more.
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January 31 2010
 
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Are there restrictions for foreigners purchasing foreclosed homes?
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Latest answer by Nile Morin
January 07 2012 | 3 answers
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