The long-term adverse impacts if this were ever to come to fruition is the loss of jobs, the loss of tax revenue and decreased property values, all of which Bissen has acknowledged.Some owners are attempting to cash out because they don't want to wait.

It could also be that your rehab/finishes/curb appeal are not up to local standards to attract the buyers but price overcomes all objections.What can you do now and next time?

Persistence is key – it involves adjusting to market changes and overcoming difficulties with patience.

Recouping your full down payment may appear appealing, but there are substantial challenges to overcome.

The only hurdle I am still trying to overcome is qualifying for a fair loan.

With the right guidance, you can overcome obstacles and succeed.

I’m sure there are other creative ways to put that money to work  but I am on the more risk adverse side when it comes to deposits.

By having reserves as well as a safety factor in income you can overcome some of the highs and lows. 

The banks in USVI are VERY risk adverse resulting in major processing costs and restrictions that are costing us money. 

If your buyer isn't able to overcome the challenges you've faced are you able to service the existing mortgage, pay out to do the foreclosure, etc.?