Prior to the financial recession, there was a boom on properties in areas such as Latin America. Many of these properties now are still up for sale, but at very depressed prices. Thus, now is the best time to invest in overseas properties if you have the finances available at your beck and call.The current financial doldrums though has contracted the available funds for these kinds of purchases. Many banks and other financial institutions have either gone belly up or have instituted more stringent requirements before approval of a mortgage or a loan. With these as the landscape in purchasing overseas properties, the following are some tips in finding financing for your overseas property purchase. While there are many pitfalls in the current world market, the following can help you secure your financial back up for your dream home in South America.