"Nonetheless, Minnesota is weathering the recent global slowdown and slide in commodity prices reasonably well, a reflection of its large and diverse economic base.

It is very possible this does not hold true in business practices globally and I've yet to encounter it, though in the couple of dozen places where I have done business there have been variations in legal systems, but contracts have always been binding on the parties despite a change in ownership.Item 6: Yes, it is true that a {closed} mortgage note may allow a certain amount of prepayment annually (in Canada it tends to vary between 10 & 20%, but there are outliers).  

It's also in flood zone X, so we are well poised for the future impact of global warming. 

Is it a quality repair job you paid for that will last 20 years, or was it a slapped together handyman special using bubble gum and duct tape that will break again in a few months?

I don't know if they will consider your foreign owned property as leverage but I remember the documentation stating something about using your 'international credit history' based on your global finances.

consumer spending, which was the tottering keystone holding the world up from a serious global recession, is starting to flag.

The microeconomic conditions of that property are a good starting point, but appreciation / depreciation on a property can be vastly skewed by what is happening in the global economy.

John Aaroe Group is ideally sized to represent you effectively - small enough to act quickly, but big enough to deliver the powerful resources and global connections to get amazing results for the client.

Are you on Global?

Globally, China is experiencing its own credit problems in the housing industry and it also has excess inventory.