Investing in the United States, Well with the subprime fiasco current recession and low dollar there are alot of bargains to be had or are there?
If you weren’t already aware In the United States different levels of Government can become involved more ways than you would like when a Non-Resident purchases or sells property. Levies, taxes special assessments is what i am talking about.
Similar laws exist in Canada for Non-Residents as this is a complex topic and there are many opinions on this issue and my advice to you is before signing any purchase agreement be informed.
I have found sites with the laws for each country regarding this issue click the links and review carefully. Remember before you sign consult a Real Estate Lawyer and be informed….
Source….. Rob “torontorealty” Paterson
