Let's think about that. Most people are not willing to risk 10 years salary when they're in front of judge, yet those same people are willing to risk that same amount of money, or more, whenever they buy real estate in a foreign country.

What's risk? There are plenty.

Not being fully aware of laws that affect ownership of real estate for starters. In some cases, you're not only subject to laws of real estate ownership which affect any property owner in that country, but there may be special laws which affect only foreign owners as well as local laws which differ from jurisdiction to jurisdiction.

Perhaps you're not an expert at reading language that purchase and sale agreement is written in. Maybe you'll overlook terms or conditions that would be a deal-breaker if you were aware of their presence.

And then there are all of considerations which affect any buyer whether they are a foreign national or not. Things like zoning or permitted use laws, neighborhood or condo association by-laws, environmental restrictions, tax issues, and all of other little gremlins that can pop up and turn a great deal into a great deal of misery.

What is Probate?

Nobody voluntarily chooses probate. People are too busy or preoccupied with health or other issues to plan. They pass away without a living trust and their heirs----usually their children---- find that they can’t sell Mom or Dad’s house without a court order or can’t transfer Mom or Dad’s bank account without court approval. Even with a will, they may be forced to file a probate proceeding.

Alternatives to Probate