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  #1  
Old 09-13-2008, 08:38 AM
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Eligibility to puchase property in US by a non-resident

I and my wife have US multiple entry B1/B2(Tourism/business) visas for 5 years. We plan to purchase a house in the US ( by paying in full or in instalments). I have a bank account in Maryland.
Are we eligible to purchase a house in the US in the above circumstances?
Shabbir
  #2  
Old 09-13-2008, 03:54 PM
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Do you have employment, social security numbers and credit history in the US?
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  #3  
Old 09-13-2008, 04:05 PM
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Quote:
Originally Posted by Shabbir View Post
I and my wife have US multiple entry B1/B2(Tourism/business) visas for 5 years. We plan to purchase a house in the US ( by paying in full or in instalments). I have a bank account in Maryland.
Are we eligible to purchase a house in the US in the above circumstances?
Shabbir
[url=http://www.dsd.state.md.us/comar/Annot_Code_Idx/RealPropIndex.htm]Annotated Code of Maryland - Real Property[/url]

I don't find any residency requirements in Maryland; take a look for yourself. I made but a brief search.
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  #4  
Old 09-14-2008, 10:08 PM
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Quote:
Originally Posted by Shabbir View Post
I and my wife have US multiple entry B1/B2(Tourism/business) visas for 5 years. We plan to purchase a house in the US ( by paying in full or in instalments). I have a bank account in Maryland.
Are we eligible to purchase a house in the US in the above circumstances?
Shabbir
**A: have you been paying taxes to IRS?
  #5  
Old 09-27-2008, 01:56 PM
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No. We do not have SSN and do not work or pay tax in the US nor do we have any credit history.
Last edited by Shabbir; 09-27-2008 at 02:00 PM.
  #6  
Old 09-27-2008, 02:58 PM
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I know of no limitations on who can own property in the U.S. That does not mean one will not have problems if numbers and payments are unusual or do not match up with records, it's just there is no law I know of which prevents foreign ownership of assets.
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  #7  
Old 09-27-2008, 07:05 PM
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Originally Posted by Shabbir View Post
No. We do not have SSN and do not work or pay tax in the US nor do we have any credit history.
**A: then how did you get the bank account in Maryland?
  #8  
Old 01-03-2009, 02:38 PM
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Bank account can be opened by visitors/tourists.
  #9  
Old 01-03-2009, 03:54 PM
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Quote:
Originally Posted by Shabbir View Post
Bank account can be opened by visitors/tourists.
**A: ok then, you can buy paying cash in US dollars.
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