Which banks in the US finance purchase of overseas property?

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Which banks in the US finance purchase of overseas property?

2007-02-05 05:21:42 · 3 answers · asked by tellmenow_123 1 in Business & Finance ➔ Renting & Real Estate

3 answers

You can borrower against your home to get cash to buy the property, but otherwise no bank will lend on an overseas property because it has no way of securing its investment. You should probably also look into getting a loan in that country

2007-02-05 06:18:46 · answer #1 · answered by HBSL621 3 · 0⤊ 0⤋

I don't think that happens - but I will be watching this question to see if anybody out there has a bank that will do that.

2007-02-05 05:26:11 · answer #2 · answered by teran_realtor 7 · 0⤊ 0⤋

Unless they have subsidiary overseas, I don't think they can legally.

2007-02-05 05:26:50 · answer #3 · answered by spot 5 · 0⤊ 0⤋