Investors from Europe buy US real estate

Many investors from Europe and the United Kingdom are buying real estate in the United States. I interviewed a real estate agent in California a week ago and he was telling me how bad the market was until he started working with investors from Europe and the UK. “They just have a lot of money,” he said, “I met them on spring break in Europe, I thought there was no work anyway, so I’m going to go and travel a bit, I think it’s the best vacation I’ve ever had and it’s still going on, the only difference is that now I’m making money.”

Investors do not need any green card, good credit, bad credit, or visa, they just need to put down at least 35 percent of the purchase price as a down payment. These investors will get a higher interest rate and if they make a 50 percent down payment, they will probably get a much lower interest rate.

Today the euro is much higher than the dollar, so if American investors are excited about foreclosures, can you imagine the Europeans, for Europeans everything is much cheaper than for American residents, because the value of the Euro Compared to the Dollar, Can a Foreigner Really Get a Loan in America? Of course they can get a loan, just like an American investor can get a hard money loan without showing any credit information, they just need to show interest. A mortgage lender’s interest is measured in money, banks or hard money lenders will lend him the money, but he will have to deposit a large part of the money from him, so he will not lose the property he has. buy and put the banks in trouble.

There are also many banks that are selling their loans or notes to foreigners just because they need to get some loans off their shelves, in the same way that you are trying to avoid foreclosure or just trying to sell the house. Banks nowadays have to deal with so many problems, foreclosures, bankruptcies, bills and money in general. Most of the banks that have lent money to borrowers in the last 3 years are not protected or insured. Three years ago, the bank started lending 1st and 2nd mortgages, 2nd mortgages are the reason they don’t have mortgage insurance, and because they don’t have mortgage insurance, they will lose their money if there is a foreclosure.

So why did banks offer borrowers second mortgages? Because it was easy to qualify and many borrowers tried to avoid refinancing their first mortgage, the banks just wanted to make money and more money and they did. Now the banks are no longer willing to lend second mortgages. Read other articles I’ve written to learn more about mortgage insurance.