Profile picture for estella_miko

Foreigner buying keen on foreclosure property

Hi I a foreigner interested to buy on foreclosure property, is it allowed?
  • April 28 2010 - San Francisco
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Answers (8)

Profile picture for sunnyview
Sure. It just takes money. I would talk to the lenders in the forum here about how much money you need down and what specific paperwork you will need to close.
  • April 28 2010
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Profile picture for estella_miko

Can a buy-side agent help us to purchse a foreclosure properties? Any recommendations of a reliable lenders as there are simply so many out there. We are a first time buyer in the US, where should be our first starting point? Lender or agent as we may consider to loan a small percentage if we could.

  • April 28 2010
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Profile picture for wetdawgs
Your first step is to get an idea  where you wish to purchase as well as develop a relationship with a lender.   Although a foreigner can purchase property in the US,  cash is king with purchasing foreclosures.    
  • April 28 2010
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Sure you can take advantage of the market.  Here is a link with some helpful information.  If I can be of any assistance please just let me know!
  • April 28 2010
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Do understand the IRS link Jay Lotoski provided if you haven't a SS#..

Here's a link to a string of comment about california foreign national mortgages at another forum. 

Her's a link to the Dogpile.com response to the query "California Foreign National Mortgage Loans"

There is no need for a lender to local as long as they are California licensed. 

Read about the foreclosure process. I suspect you are looking for best value and have been titillated by the notion that foreclosures are special opportunity. Perhaps, but I recommend you concentrate of best value and don't be sidetracked by selecting only foreclosed or foreclosing options. Short sales can be complex, slow and frustrating. Lender owned properties require extreme caution and investigation.

You'll probably want to hire a local agent wherever you want to purchase. If you're looking for single-family and condos check out maps.google.com for a convenient tool for viewing real estate listings with many options such as terrain maps, air photos, street views, etc. You can zoom in and out, move about... try it.

Questions??







  • April 28 2010
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We are doing foreign national loans in CA, NJ, NY, GA, MA, TX, WA, CT, DE, MA, NH, PA, RI, NY & FL. We require a valid visa and verifiable assets. Rates are low in most states. Very little documentation is needed typically.  Other other states case by case. 

If you want more info contact me directly.
  • October 19 2010
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Davis your posts are spam ....personal promotion of that sort  is not allowed on zillow.
  • October 19 2010
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I used Frank at frank@finance1online.com for my loans when I was a foreign national...FYI.
  • October 28 2010
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