Newsflash: Moving back to AU. Trying to free up equity in (US) & (UK) properties to purchase a house in AU. Having trouble doing so.

I really would like advice from international property owners. We (F – Australian National, M – Canadian and HK perm resident) are moving from the US back to Australia. We own property in the UK from our time living there, and the US (Illinois). We have paid off ~$60k on US ,mortgage and ~£30k on UK mortgage. We were planning on taping into this Equity to buy a property back in Australia. Both the US credit union and large US bank (Chase) are not open to allowing a “second mortgage” for someone purchasing property overseas. Not being an American probably doesn’t help.Any advice from the property investment gurus here would be appreciated.Cheers

Read more at http://www.reddit.com/r/RealEstate/comments/3qz19t/moving_back_to_au_trying_to_free_up_equity_in_us/

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