Suriname, a country in northern South America is one of four non-Spanish-speaking states in South America along with Brazil, Guyana, and French Guiana and is the smallest independent country in South America.
Most tourists visit Suriname for the outstanding biodiversity of the pristine Amazonian rainforests in the south of the country which are noted for the incredible profusion of flora and fauna. The Central Suriname Nature Reserve is the biggest and one of the most popular reserves, along with the Brownsberg Nature Park which overlooks the Brokopondo Reservoir- one of the largest man-made lakes in the world.
The Surinamese economy is very dependent on commerce, its main trade partners being the Netherlands, the United States, Canada and Caribbean countries.
Popular areas of Suriname with International Buyers - investment or personal use, listed by owner, for sale by real estate agent and for rent:
Foreclosure real estate in Suriname refers to properties that are being sold because the owner has defaulted on their mortgage, and have stopped making loan payments. Once this occurs, the lender, often a Bank, then starts a legal process to repossess and sell the property to recover the unpaid loan balance.
Foreclosure is a legal process where a lender takes ownership of a property after the borrower fails to make mortgage or loan payments.
Properties that didn't sell at a foreclosure auction, and are then owned by the bank or lender, known as REO (Real Estate Owned).
If the the owner is behind on payments, this is called pre-foreclosure, but the property hasn't been taken back yet, but the property could be sold as a short sale through a real estate agent.
Properties that are up for 'Auction' are sold at a public auction, and to the highest bidder during the Auction procedure.
Then, if the property doesn't sell at auction, it then becomes "real estate owned" by the lender, usually again a bank which leads to the property being sold through Real Estate Agents.
Investors and individual private buyers look at foreclosures for many reasons including that the property is often below market value, could be flipped or rented out for profit, or the property can if required be renovated to increase the value.
Suriname foreclosure real estate listings can can come with benefits and risks to the real estate investor, and are usually sold as seen, and could come with a situation where the purchase need repairs.
Also, the foreclosure process can involve more paperwork, there may be title issues, unpaid liens, plus foreclosures (like auctions) often require full payment on purchase.
