A foreign national is a resident of another country and not a permanent resident alien or non resident alien of the United States.In other words, they want to just visit for the hell of it.

     Some of these folks visit so often and heard about the bed bug problem at the Ritz, so they decide to buy. It is more difficult for a Foreign National to buy real estate than a non resident alien (green card) and certainly more so after 9/11.

     Criteria will include that it be a primary or second home and only single family, condo and townhouses are allowed. They must prove employment/income by virtue of a letter on company letterhead stating job status and income earned in last two years. If there is no credit report available in the US, credit reference letters will be accepted to prove the person has a credit history with at least three trades. Assets for down payment must come out of a US bank account, but can be transferred from a foreign bank the day before. Oh, no social security number is required.

Wow, that sounds really hard to put together.Let’s go down to Trump Tower and take a survey…….

-Dale Siegel