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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: the_wheel who wrote (13189)	8/25/2003 4:15:14 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

RE:"How come all other countries don't want us to come and prop up their real estates and ask for citizen's papers etc? Are there any other 'free' countries other than mine?" You just figured this out? Try immigrating to Australia or NZ...They have a long list of qualifications. Or worse yet, Japan.

To: the_wheel who wrote (13189)	8/25/2003 5:35:34 PM
From: Tradelite	Read Replies (2) \| Respond to of 306849

<<It seems that anybody anywhere in the globe can come to my country and get in on the real estates boom with no questions asked. Nobody ever asks to see your papers when you are buying or selling, well actually they want you to pay your title search fees, I guess that's papers, but it is not Citizenship papers.>> Just to lend a little realism to this suddenly-turned-silly discussion, a Social Security number is most often required to buy property in the U.S. Some lenders can be found who will help the applicant overcome this obstacle, but it's not an easy or cheap obstacle to overcome. Forget about getting the lowest possible interest rate for a mortgage in this scenario. If the buyer wants title insurance on his purchase--even if the purchase was made in cash with no loan--the title insurer will have requirements, as well.