September 17, 2008
Honestly, so much has happened this week since the Fed seized mortgage giants Fannie Mae and Freddie Mac, it is hard not to feel overwhelmed as we try to absorb it all. Financial Sector in Crisis In a matter of days, Lehman Brothers Holdings Inc., the fourth largest investment firm in the country, went bankrupt, Bank of America bought financially-ailing Merrill Lynch, and the government stepped in to save American International Group (AIG), one of the world’s largest insurers, with an $85-billion dollar bridge loan.
September 5, 2008
International buyers who want to purchase second homes and investment properties are not restricted in any way from buying U.S. real estate. But financing a real estate purchase may pose a challenge for international buyers. In some cases, foreign nationals can also face tax implications when they decide to sell property in the U.S.
“Global real estate transactions can be complex, and international buyers need the support and advice of professionals who are well-versed and know all the ins and outs,” advises Brian Meyerowitz, a buyer’s agent with Florida New Homes Realty.
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