Posted by Mark Washburn on Wednesday, August 12, 2009 at 9:53:21 AM By Mark Washburn / August 12, 2009 Comment
The Miami Herald reports that foreign nationals are buying up distressed Florida real estate with the hopes of securing US citizenship via an investor visa. An investor visa requires a significant investment in US property. Locally, a Mexican national was granted an investor visa after investing $1M in a Bonita Springs restaurant. We welcome foreign national investment to help fuel our market recovery. Distressed property is available throughout SW Florida, here is a resource to view Estero foreclosures and Bonita Springs foreclosures. Cash offers are the key for foreign nationals to move quickly on a distressed deal.
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