Mortgage Question

I am moving to Bogota in three weeks and I am trying to look at all of my options. I have enough cash to buy a nice house or apartment but I was wondering about a mortgage. My brother from Illinois suggested that if I can’t get a mortgage, just put the house in Marcela’s name since she is a Colombian. I told him that I didn’t think it would be that easy.

Is it??

By Rikito on May 31, 2007, 08:15 in Friendly Talkzone.

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aztec says on May 31, 2007, 08:24: It certainly can be done. Just be sure you are not creating a windfall profits tax for her. Might be treated as if she won the lottery. (Not joking!) Read the regulations on Colombian taxes. They have been posted here several times. Use the search button. 0 funny, 0 helpful.

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