AgentIndustry News

Lawyer takes on global real estate challenges

Firm helps foreign buyers navigate market, regulations
Published on Sep 15, 2008

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by CareyBot

Edward Mermelstein, a real estate lawyer who works mostly with foreign buyers, knows well the challenges -- particularly in the Manhattan market and particularly when the buyers happen to be from countries with which the U.S. has strained relations or are otherwise under special financial reporting requirements.

In the past several months, said Mermelstein, "Some institutions are no longer lending to foreign nationals, period."

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