I’m looking for a US bank or lending institution that is capable of giving home loans for the purchase of a home outside of the US.
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2 Comments Already
Waagosh Said,
May 6th, 2010 @12:40 pm
no..they have no legal means of foreclosing if the note goes bad
I’m not a banker but my gut instinct is that unless the bank also had a location in the foreign country, they wouldn’t want to do it because if they have a lien on the property and you default on the loan and they’re a bank in Nebraska, how do they evict you or foreclose?
I’d look for banks that also do business in the country you are trying to buy property in.