Florida Mortgage | Foreign National Homebuyers - "Dollar weakens on Subprime Woes" is good news for you!

David,

I liked the way you broke down the numbers on the foreign markets, we have to look for some optimism, I mean a loan is a loan, now I just need to get some Foreign National loans... :0)

Nice update,

Tom Weiss

David - we love working with Foreign Nationals here and many find our beaches a great buy as well as a great place to visit - thanks for the market update. Always good to work with a Florida Mortgage professional that understands the special needs of a Foreign National.   

David, well I guess that bad news for some is good news for others.  That is better then it being bad news for everyone.  I don't deal with Foreign Nationals where I am, but if they were around I would do my best to pick up on some of that business. 

Thanks for the info and see if you can send some Foreign Nationals over here :)

We are focusing on the business of bringing foreign buyers to US properties by providing real estate videos with narration in English, Spanish, and Portuguese.  People in Europe are looking at the Americas as a bargain. A small apartment in Madrid will easily run more than a million US dollars.

Even I was surprised to find out that this year almost 50% of US real estate related transactions this year will be to foriegners or immigrants? we have a link to video of the NAR CEO, Dale Stinton, saying exactly that.

Makes you wonder what things will be like by 2015.

Tony

edited to remove the link above - been on the internet since 1993 and it's the first I've heard about people getting upset about putting links in comments

Good news for foreign buyers!  We have a local developer who now has a team dedicated solely to attracting foreign buyers.  Great information you have provided David, keep it coming!

David:

Great analysis of the current economic conditions.  Few loan originators can articulate the advantages to certain buyers when faced with poor domestic economic news.

If you expand this post in two weeks, it'll be tough to take the top mortgage prize here. 

David, watching the market isn't just seeing your portfolio sink is it! This is great up to date information to help attract foreign buyers with solid reasoning. Great post.

David... I agree with so many and I want to emulate both Brian and Leah's comments.  Great job.

 

David...I really like how you tied together your earlier articles.   All were very well written and helpful..Thanks for the info  

Interesting post. Thanks for sharing the information. Appreciate it.

Bring on the buyers.. :-) The lenders really have made it easier for Foreign Nationals to purchase property here in the US.

Hi David-I thought I had commented here before, am wondering if you have a foreign national loan progam with 5% down?  A local mortgage company told me that this product exists. I am part of our International Council and it was presented to us, would hate for some of our associates to use them to find out its not true.  Nice post

David,

Thanks for giving me a new perspective and maybe a new marketing strategy. I'll be back for more. Hope you don't mind.

Bil Roberts

The Foreign National buyer is a wonderful niche to have under your belt.  They is available some pretty darn good products from lenders out there for these buyers.  I've only done a couple myself but I would venture to guess that is a market that is easily cornered if you know it and go after it.  Heck, I'm even going to click on the off-site blog link which I don't do often....

Nice work David on a subject that I haven't seen talked about on here or elsewhere that much!