Foreclosures and New Properties Grand Bahama Island, The Bahamas

If you have ever dreamed of tax-free property ownership on any of the
Islands in the Bahamas the time for ownership may be easier than you
may think. Major Air Carriers to Grand Bahama Island are Airtran,
Continental, Delta, and American. Once Purchase is mutually agreed
between both parties closings take typically between 45-90 days with a
local Bahamian Attorney. Listings can be sent to you via e-mail or by
fax to assist you in narrowing down your search. You tell me your
budget, what amenities you prefer and I send you the listings. Finding
your dream property whether canal front or oceanfront can be a reality.
Second home owners in the Caribbean still tend to be wealthy people who
can write a cheque without having to take out a loan, but increasingly
new homes buyers are not the super rich but the sort of people who buy
second homes in the Caribbean and Europe.These buyers generally do need
a loan and most remortgage their UK or US home. The loan is paid off
using their main family home as security, not the new Caribbean holiday
home. The advantages of remortgaging or taking out a new mortgage in
the buyer's home country is that the mortgage market in the US,Canada
and the UK is more sophisticated and offers huge choice. The UK in
particular has hundreds of different mortgages, from offset to tracker
to fixed to interest only and the process can be extraordinarily
quick."The first place I'd advise anyone to try is their existing
lender." You can get US dollar loans from the First Caribbean Bank but
they are one of the few banks in the Caribbean to offer mortgages for
secondhomes. FOR FURTHER INFORMATION contact