In the rare cases that I've found them after closing I've simply shown them to the closing agent, they've rechecked their math and paid me any monies owed.Some pretty tough federal rules on closing so if there's a mistake it's usually pretty easy to rectify.Suing is ALWAYS a last resort, especially at that amount because you're going in "naked" (no attorney) and a local JP can always claim no jurisdiction on Federal laws and kick you to the US Disctrict Court.OTOH, I've found moral suasion to be a very effective tool when dealing with companies that rely on their public image.

Usually these types of loans are the last resort for retired folks.

A" product is much more desirable than a B or C product that carries more risk.Most "A" product is owned by national corporations and leased by national tenants except for a few mom and pop spaces.These have a much lower chance of default with corporate guarantees and thus a lower rate.B or C product in suburban to rural areas is even more at risk than urban cores for lending.In many markets Multifamily and Hotels are in a buy pattern and lending is strong as most lenders see low risk at the prices buyers can purchase for.Hospitality sectors such as lodges,water parks,ski resorts are still getting pounded with a slow recovery.Industrial still seems to be doing well in many markets.Retail and Office as still seen as very weak and risky for lenders unless you have a strong B to an A product in urban cores that have already started to recover.

@Cody Hannum - the attorney for the bank just wants to see that the bank gets paid, with a last resort of seizing the real estate that served as collateral.

We are buying a vacation home in a resort in Orlando to also use as a short term rental, but we live 14 hours away, so we'll definitely need full service.

Jonathan Orr,if you have the investment money to take on big projects I would talk to the city of Garden Grove planning office about their numerous redevelopment opportunities on Harbor Blvd between Orangewood Ave and Garden Grove Blvd.They just built a massive resort there called Great Wolf Lodge and it desperately needs neighbors like new restaurants,shopping,and more hotels to fill up the space between it and Chapman Ave.They have everything you need plus tax incentives to make it worth investing in the new south end of the Disneyland resort area.

Stowe is a nice resort but way to rich for my blood.

As Dawn has stated, it is always best to work out these situations informally as opposed to resorting to a court of law.

Just remember, this is a vacation and people like amenities such as pools, health club etc. if you decide on a single family home, there are resorts which will allow you and your guests to use their facilities for a membership fee.If you decide on a condo, please make sure that you review the association's financial records  and find out if there are any upcoming major expenditures.

To clarify, you don't need a special use permit on Kauai if your property is located in one of Kauai's Visitor Destination Areas (VDAs), which are, generally, Princeville on the North Shore, Poipu on the South Shore and the resort areas of Kapaa/Wailua and Lihue.