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#448999 - 11/20/15 12:09 PM Candian buyer for California property
CARealEstate Offline
Member

Registered: 11/29/14
Posts: 10
Loc: California
So, I've got a buyer in Canada wanting to buy in California. Every lender I ask, doesn't seem to have an answer.

They are not cash and need a loan. Any suggestions on how to get them a loan. It would be a second home, or a vacation home for them.

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#449001 - 11/20/15 12:50 PM Re: Candian buyer for California property [Re: CARealEstate]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7829
Loc: Vermont's North-East Kingdom
I'm next to Quebec and we used to do it all the time (when the Canadian Dollar was stronger); but I'm sure Snow Bird Canadians are still buying homes in Florida every day.

You just haven't spoken to any Bankers with experience (or energy).

Ask to speak to the head of the Mortgage department and him or her direct you to an Originator who has done a few, or call the next Bank on your list.

PS: The suggestions given to you at this time last year when you asked basically the same question . . . . those suggestions still apply !


Edited by Vermont (11/20/15 01:10 PM)
Edit Reason: Added PostScript
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#449009 - 11/20/15 11:41 PM Re: Candian buyer for California property [Re: CARealEstate]
Bigtoe Offline
Major Contributor

Registered: 10/14/07
Posts: 2256
Loc: Outer Banks
Find a bank with branches in both the US and Canada.
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

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