“In an amazing reversal of roles, Israel has become a powerful cash reservoir for many Diaspora Jews in this time of a cash crunch”.  Those are the words of Israeli Real Estate Attorney, Haim Katz, a prominent Jerusalem Attorney in an article at jpost.com. 

The article explains how it may be possible for foreign owners of property in Israel to obtain financing in Israel on their “free and clear” property holdings in Israel, during a time where they may not be able to re-finance a property in the U.S that has declined in value over the last few years. 

You should read this very interesting article at jpost.com that also talks about some of the current lending practices in Israel.

Haim Katz has also authored a how-to book about buying property in Israel.   find out more

If you own property in Israel that you may want to re-finance, send an e-mail to Lyle Plocher at lyle@buypropertyinisrael.com for a referral to a competent Mortgage Professional in Israel.

Filed under: Basics of Buying in Israel, General Information, Israel Real Estate News, Mortgages in Israel