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I can personally speak to Westgate regarding both US and non US investors. In all cases followed by our forum (over 50+) Westgate has NEVER reported to the credit agencies and have issued warranty deeds in lieu to all of us with no credit impacts. For non US investors with other Developers I can personally speak to a case with Wyndham who have chosen not to follow-up here in Canada on a mortgage default - to do so they would have to obtain a judgement in a Canadian court which is more costly than absorbing their "loss". This can also (but not always) be the case for other non US countries, but in all cases a local judgement is required.