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How do I protect my self when purchasing a real estate property out of the US?

Hello, I live in Boston, MA and a friend is selling me a real estate property in Honduras. The seller says that we don’t need to travel to honduras in order to close the deal. What is the process and what should I know when purchasing real estate over seas, what is the best way to protect my self, do I need a lawyer?

Public Comments

  1. Make sure you know what you are buying but you can't protect yourself entirely. Civil unrest or political changes can take your property without paying you anything if they decide to nationalize.
  2. grab ur nuts and hang on, ur goin for a ride. in reality you have very lil protection. youve never laid eyes on the proerty, yet youll lay out $$?? ive got some ocean front property, right outside tuscon, for sale...itll go quick, so make me an offer, ill send pics and referances, youll love the view.
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