LA PAZ, Mexico – As we headed out for a special day of snorkeling – sharing the water with a group of baby sea lions off Esperitu Santo Island in southern portion of the Sea of Cortes – I thought about the headlines that keep North Americans from visiting Mexico. The reports of crime in [...]

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In recent weeks, the question has become common. Curiously, North Americans living in Mexico have retained the manana attitude even when it comes to crime. “You think Americans really are not visiting Mexico because of crimes in the papers? Don’t they realize it’s basically a border deal among drug gangs?” asked Jerry Kerr, a native [...]

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Buy a home closer to the kids with a reverse mortgage

June 30, 2010

Reverse mortgages have been available for more than two decades for older homeowners who have accrued a significant amount of equity in their homes. For many seniors, this underutilized vehicle has been a huge help in enabling them to age in place – especially after a spouse is gone. Now, the government is backing a [...]

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Off-season second home buying . . . and financing

June 30, 2010

A friend of mine thought he would take advantage of the rotten winter weather – and the perception that real estate is about the same – and make a low-ball offer on a piece of recreational property that one day could become his second home. His theory was that owners of summer lake cottages felt [...]

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Checkbook control with real estate IRAs

June 30, 2010

Individual Retirement Accounts that feature self-directed real estate purchases have become more understood in recent years, and consumers now a have speedier avenue to time-sensitive investments. Many providers of self-directed real estate IRAs now can set up a limited liability company (LLC) that allows consumers to write their own checks for property investments – including [...]

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U.S. lenders not racing to capture Canada

June 30, 2010

While United States mortgage lenders are heading south of the border to finance real estate in Mexico and Central America, the push to penetrate the Canadian mortgage market is considerably cooler – even with the 2010 Olympic Games in Vancouver just around the corner. Retirees and aging baby boomers “from the states” are drawn to [...]

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Soft market? U.S. second homes popular for foreign buyers

June 30, 2010

Two years ago, while attending the home builders’ annual convention in Orlando, Fla. a  top-producing local real estate agent was bubbling over the interior design features of a vacation home. “All of my international buyers are just going to love this,’’ the agent said. “I can’t wait to tell them what’s now available.’’ I was [...]

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Kiosks for condo centers – even in Second Life

June 30, 2010

What’s new in Puerto Vallarta condos? Want to see the latest San Diego high rise? No longer do you have to wait for a national road show to get a feel for new developments around the world. Cliff Bowman, the Vancouver, B.C.-based marketing expert who has turned pre-selling condominium buildings into an industry art form, [...]

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Log homes: No longer just cabins, second homes

June 30, 2010

Nearly three decades ago, before kids and back-to-school days, my wife and I often spent warm mid-week afternoons driving country roads, dreaming about a location for a family cabin. Neither of us had weekends completely free but we didn’t miss the crowds that often choked nearby lakes and streams on Saturdays and Sundays. On day, [...]

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Reverse mortgages coming for second homes

June 30, 2010

Not only has the reverse mortgage industry left its infancy stage and is racing towards adolescence, but its next growth step apparently will be coming sooner than expected. While reverse mortgages for second homes have been available through a handful of small regional banks, they will soon be offered by at least two national lenders. [...]

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