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Foreign Buyer

Started by Ottawanyc
over 13 years ago
Posts: 842
Member since: Aug 2011
Discussion about
Hi all, friend of a friend is interested in getting a place in NYC for a vacation/place to stay for work visits. Guy though is foreign buyer. So beyond the need to focus on condos, what are the chances of him getting any financing, if say he could put down 50% financing. I know I had to jump through ridiculous hurdles even though I live here and have income, so just wondering what someone with those parameters would be looking at. And buddy has extremely good income. So basically all cash or is some financing a possibility? Thanks!
Response by huntersburg
over 13 years ago
Posts: 11329
Member since: Nov 2010

Real foreign, or just one of our subsidiary countries?

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Response by Ottawanyc
over 13 years ago
Posts: 842
Member since: Aug 2011

Real foreign, although maybe US is its subsidiary? Lets say it featured prominently in Democrat speeches last week.

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Response by huntersburg
over 13 years ago
Posts: 11329
Member since: Nov 2010

Foward Not Back?

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Response by sf6brooklyn
over 13 years ago
Posts: 12
Member since: Jun 2012

Why the mystery, just name the country already. It's not like we're going to sift through the citizenship roster and pinpoint your buddy.(unless it's someplace small, like Monaco. In which case it's Alfred, isn't it? He's the only Alfred there.)

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Response by Ottawanyc
over 13 years ago
Posts: 842
Member since: Aug 2011

Caoonima, what's wrong with.

Apologies, did not realize that I was not being obvious. Inerroneously thought that some of you might have followed the news and actually watched your political conventions. Here's a hint it's not Switzerland… and the other country that was repeatedly repeatedly mentioned in the Democratic convention? Kmans.

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Response by mym
over 13 years ago
Posts: 188
Member since: Jun 2009

This site often provides useful information. It's sad to see it deteriorate to the above.

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Response by huntersburg
over 13 years ago
Posts: 11329
Member since: Nov 2010

so sad
of all the world's problems, this is sad

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Response by NYCNovice
over 13 years ago
Posts: 1006
Member since: Jan 2012

I have not been tracking caonima's posts at all, but based on handle alone, it is possible that caonima thought the foreign buyer was Chinese and has some issues with certain segments of the political establishment over there who have amassed great wealth that they are now seeking to safeguard through purchase of U.S. real estate. Pure speculation, and it does not excuse caonima's post, but may explain.

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Response by lovetocook
over 13 years ago
Posts: 171
Member since: Sep 2010

Don't know what some of these people's problems are. It's a perfectly good question. Perhaps some of the mortgage brokers who post will be able to answer.

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Response by ab_11218
over 13 years ago
Posts: 2017
Member since: May 2009

it would have to be private equity, who really don't do that anymore, or a bank in that country. if they find a bank that has branches in US and there, it will be the best. the issue will be the rate that they will get. it will not be anything near what a US resident can get.

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Response by caonima
over 13 years ago
Posts: 815
Member since: Apr 2010

NYCNovice, you think all rich people are chinese? where do that come from?

why don't you think people wanna fvck off the colonial european mobsters or the south american dealers?

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