Our currency is not backed by a standard, so the fact that our government is going to print more money in order to accommodate the bail out plans will push our inflation through the roof.

Fiat currencies always end this way and so will ours.

Down close to 5% for 30 year fixed is you're well qualified.Owner occupied will be easier.What I don't know is how the foreign national status affects you.

v=8Tl-kOcnn1ULink to Foreigner hitI know I need to get a life

How do people handle cash over in the states with bank accounts being so hard to get for foreigners?

All these thoughts you have are foreign to me.

Would you happen to know of any private lenders or financial institutions dealing with foreign investors?

I am a foreign national but have social number and credit score of 760.Thank you

The issue for BP readers and many is that with the free fall of Detroit proper RE prices it brought in the undesirable from the US marketing companies partnering with GB or AU marketing companies sending over pretty pictures of this cute Detroit bungalow for 75k that they just bought for 5k and put 10k into.... there was a lot of significant profiteering and then of course the management issue you speak of are legendary... having all these homes sold to foreigners and out of state folks that eventually give up.. .does not help either does not help the area and certainly does not help the investor.. then the locals who know what they are doing live it and breath it every day they swoop in and pick up the great deals...

You also have currency considerations whereby the canadian dollar has slide dramatically over the past years.