i live in usa & i have a house in india. is there a way to get a loan on my house in india?

Question

I live in USA and i have a house in India which i want a loan on. I really need money here in U.S. is there a way to get a loan on my house in india without going there? or is there any other way to get money here on my house in india? Please help!

Answer 1

You will not find a US based lender who will finance a property in a foreign nation. Why? They are not familiar with laws concerning real estate in India, and what they might have to go through should they encounter foreclosure.

You need to find an India based financier for finance on your India property.