Mortgage outside US

Guest 0.10 Dollars($)

Hi There,

my mother is retires and receiving a pension in US$. She wants to buy some property in the czeck republic and will need to finance partly the house. The loan will be something about $30.000. Do you give loans for property outside US? She has an american account, social scurity etc... The house is worth est. $60.000

Regards
Dennis

[edited by sam, We dont allow posting of email address into the forums. All your posts will be answered here only. Thanks]

Guest 0.10 Dollars($)

Even i also want to know, if can i have a loan in US for property in moscow.

Sam · Posted: Mon Sep 05, 2005 11:12 am Post subject: Hi Dennis

Welcome to the community, we do not offer any loan directly but through lenders who registers with us.

I am sure our community will help you find a suited local lender.

Thanks
Sam

Guest 0.10 Dollars($)

Hi Dennis

It seems that you intend to purchase a property in the Czech Republic with a home loan in the U.S. As stated by law, if you are not a Czech national, then you can own a property there through a bank. The banks are the main lenders in Czech and they offer various loan programs with different terms and rates. Therefore, you should first consult an international bank in the U.S that can provide you with mortgage loan to purchase a property in the Czech.

Regards,
Samantha.

Sam · Posted: Tue Sep 06, 2005 2:49 am Post subject: RE:

Hi Samantha

Thanks for providing such useful information. I hope this will help Dennis purchase his property in the Czech Republic.

Regards,
Sam.

Guest 0.10 Dollars($)

i am a resident in uk and want to buy property in morocco,

any help

Guest 0.10 Dollars($)

I am a British citizen - can I get a mortgage in Spain?

Sam · Posted: Tue Sep 13, 2005 10:47 am Post subject: re

Hi Denny.

Welcome to the MortgageFit forums.

Denny says

Guest 0.10 Dollars($)

It sounds like the rules vary depending upon the country where the property is located. Is there a web site which lists U.S. institutions who will provide mortgages for properties outside the U.S.? I wish to buy property in Costa Rica (no foreign bank ownership necessary). Any suggestions?

Thanks!

Caron · Posted: Thu Sep 15, 2005 3:48 am Post subject:

Hi Sarge
Welcome to MortgageFit forum.

Since you are staying in U.S, therefore a lender or a financial institution having the required license to offer overseas mortgage loans can help you in this regard. We have forwarded your request to our customer care department and they will provide you with all details.

Regarding the purchase of a property in Costa Rica, you will have to register the property in the Property Registry of Costa Rica. The registration implies that you are the new owner. Moreover, you should hire a lawyer to conduct a title search on the property which verifies whether there is any lien on it.

In Costa Rica, a property is transferred from the seller to the buyer by the execution of a transfer deed before a notary public, that is, an attorney. The notary public drafts the transfer deed and registers the sale in the Public Registry.

Hope we have been able to guide you.

Please feel free to post further queries. Also sign up with us at http://www.mortgagefit.com/signup/ to get free advice on related issues.

Regards,
Caron.

Guest 0.10 Dollars($)

Hey, I am interested in a property in Costa Rica. I want to know about seller financing in Costa Rica.

Caron · Posted: Thu Sep 15, 2005 5:16 am Post subject: RE:

Hi Michael
Welcome to the forums.

Properties in Costa Rica are transferred from seller to buyer after a deed of transfer is executed. The deed is a legal document drafted by an attorney or a notary public. The notary public drafts the deed and registers the sale in the Public Registry. Since the buyer gets a mortgage loan from the seller, there are three conditions under which the notary is selected.

If the seller finances a large portion of the property and a mortgage needs to be drafted, then the attorney or notary of the seller may draft the transfer deed.
When the buyer finances a part of the property, say 50% and the rest is purchased with a mortgage loan from the seller, the attorneys of the buyer and the seller will jointly draft the transfer deed and the mortgage in one single document.
The buyer's attorney may draft the transfer deed and allow the seller's attorney to draft the mortgage separately. But in this case the registration fees may be higher.

The buyer pays the mortgage costs including the costs of drafting and registering the mortgage.

Hope this information will help you further.

Regards,
Caron.

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