could the bank loans for investing buying properties abroad?

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could the bank loans for investing buying properties abroad?

real estate agent red -sea -hurghada-egypt

2007-11-17 10:19:10 · 2 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate

2 answers

The banks COULD, but they won't. They have no desire, at least for individuals, to loan monies on properties overseas. The difficulties involved with a foreclosure, should one occur, are more than the banks desire to work with.

2007-11-17 11:06:24 · answer #1 · answered by acermill 7 · 0⤊ 0⤋

The banks loaned Enron money to invest abroad. Some went to jail .

2007-11-17 18:39:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋