Home Buying in 47274>Question Details

saurabh007si…, Home Buyer in Seymour, IN

can a foreign national purchase an property in united states?

Asked by saurabh007singh, Seymour, IN Sat May 12, 2012

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gmretirees123457’s answer
Come buy ours at 10019 N. State Road 135, Freetown IN 47235. Call Roberta at 800-294-2615 to see a beautiful home on 10 acres next the Hoosier National Forest--very quiet and clear constellations at night
0 votes Thank Flag Link Wed Oct 17, 2012
U.S. citizenship is not required for the purchase of residential property. However, if a mortgage is required from a domestic underwriter, there will be very stringent eligibility requirements along with a domestic credit history report.

Also, if and when the property is sold by the foreign national, there will be federally imposed withholdings of 10% of the proceeds from the sale for capital gains taxation purposes.
0 votes Thank Flag Link Sat May 12, 2012
Yes. Just about anything other than the White House.
0 votes Thank Flag Link Sat May 12, 2012
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