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Real Estate
The Real Estate Adviser |
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September 18, 2008
The Real Estate Adviser: Niche lenders target U.S. buyers in Mexico
By Tom Kelly
Special to the Journal
Special to the Journal
The residential mortgage meltdown in the United States not only has devalued investors' significant assets but it has also stymied their ability to create and explore potential future business.
New York-based Lehman Brothers Resort Home Lending abruptly ended its four-month entry into the Mexican and Costa Rican mortgage markets even as many destinations in those two countries continue to appreciate and draw second-home, retirement and investment buyers.
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Previous columns:
- The Real Estate Adviser: Reading the fine print on reverse mortgages, 09-11-2008
- The Real Estate Adviser: Use your retirement funds to buy investment property, 09-04-2008
- The Real Estate Adviser: New housing bill reduces reverse mortgage fees, 08-28-2008
- The Real Estate Adviser: Consumer perception can move economic mountains, 08-21-2008
- The Real Estate Adviser: Hold off on vacation until your deal closes, 08-14-2008
- The Real Estate Adviser: Can lenders challenge loan data after closing?, 08-07-2008
- The Real Estate Adviser: Slower market magnifies agents' influential role, 07-31-2008
- The Real Estate Adviser: IndyMac raises old fears about reverse mortgages, 07-24-2008