Foreign National buying Sonoma County Real Estate? Look here for answers!!
March 22nd, 2008 . by Mike KellyYou can buy property here whilst studying in the San Francisco area or any area of our Country. I currently am using Wachovia for my lending purposes as they do many “Foreign national” loans. They usually require 30% down payment, have low documentation options, monthly payment options, and Jumbo loan availability and credit scores and social security numbers are NOT required. These are sometimes subject to the Office of Foreign Assets Control and the Patriot Act. Obviously proper identification is a must.
But before you buy you should speak to an attorney who works with Foreign Nationals and understands the various tax codes for acquisition and sale of real estate here in the states. This is VERY critical to a successful transaction. As a CIPS (Certified International Specialist) I have specific training in working with the International client. This designation is awarded by the National Association of Realtors. I studied for this designation in Paris 2 years ago and have a fantastic network of equally educated and qualified Realtors throughout the world should you need help in ANY country.
Here are a couple of conversion tables you might find useful!
1(one) Square foot for every 0.0929 square meters.
1 acres = 0.404685642 hectares
And If I can be of any further assistance feel free to contact me at
+1 011 800.959.7244 or mkelly@realtour.com


