DonmoyerOct. 4 (Bloomberg) -- The House approved today a measure to protect mortgage borrowers from getting a surprise tax bill from the Internal Revenue Service after a lender has foreclosed on their home.The bill, which still must pass in the Senate and be signed by President George W.

I would separate this into two components.

A bank can make an internal decision to prevent all deals involving an assignment.

If both, how has investing internationally helped you as an investor and would you recommend investing abroad.

Yes, foreigners can own property.Financing can be done through most World Bank and most international banks.

Do you not have any idea how much money , both domestic and international there is out there chasing this product, and even if it was all bought up overnight how do you calculate that it would be a resolution to the crises.

The recession was tied to the 9/11 and dot.com events so the local banks who operate nationally and internationally were impacted a bit.Charlotte is similar to Portland OR and Seattle WA in that it sort of missed the boom so the market is healthy now.

Great to get more international investors.

From one that speaks to people in foreclosure on regular basis, one repeating emotional trend I see is embarrassment---in general, folks in this position often act too late because they are embarrassed (pride is another good emotional anchor) with admitting failure...Although I don't market to these individuals, I understand the mindset all to well and believe any marketing campaign to these folks should include the following components:- Discretion/Privacy: Give them an opportunity to learn more without revealing themselves initially---offer a white paper or recorded info-message which would allow these distressed homeowners to learn without the need to speak to somebody. - Hope: Too many marketers are appealing to fear---although fear is a compelling emotional trigger, the majority of people don't want to be reminded what they will lose, they want to be reassured that there is a chance for recovery

Occupancy Owner Occupied, Second Home, Investor Interest Only Option Up to five (5) years interest only, then P&I for the remaining 25 years REQUIRES MI LTV Limits Owner Occupied, Second Homes, 90% NO MI LOAN Limits $1.25 Million Credit Score Requirement: 760 International Borrowers are eligible for this program @ 80% Close your Daytona Condotel in an LLC - Requires Personal Guaranty; Does NOT report to personal credit unless there are lates or default --------------------------------------------------------------------------------80% LTV for condotels if credit scores 640 - 759--------------------------------------------------------------------------------No prepayment penalty******** End Quote ********With regards to commercial or residential status, that depends on where the property is located and how often you stay in the property.