Just think of it as borrowing for a business and the properties are the collateral.

The loans can either be collateralized with equity in your home country property (ies) or they will loan on the US property based on your relationship with them and mortgage the home here in the US.  

Banker asked me if I had collateral.

Most of the people who would walk from a property for business reasons were not on the note personally and it would only affect the the property and anything collateralized.

Take out a VISA/MC as well as a shared secured loan.Get to know them and them give them an opportunity to fall in love with you.THEN you can start borrowing money on collateralized product.YMMV, Tevis

If they carry a note, they'll get a much better rate than the bank and they already are completely familiar with the collateral.

After you take collateral you still need to seek indemnification for amounts due, selling the collateral, an overage goes to the estate, a deficiency is an estate liability.

Once you build up some assets that you can use to collaterize a line of credit or some other sort of conv fin you will obviously save a lot of money.  

Apparently there is a "deferred principal" of $131,000 with Chase that did not show up on any collateral, O& E or credit report.

I have a private loan, 15%, on one of my homes that was cross collateralize with another home.