Prior to working in the commercial field I was involved with resort development.

I've been curious lately about how lucrative and costly it is opening up a timeshare resort.

Every now and then I resort to the BP search, which is not so great, The advanced search sometimes is OK.

Because the properties I have chosen are in destination resorts, they suit my lifestyle and have worked out really well.

Going into foreclosure should only be a last resort, and with other assets you should not have to go down that path.

In contact for the purchase of 150 acres of prime undeveloped land in the Dominican Republic with a 1 mile of beachfront.Looking for a JV Partner to come in with $4mm to help close the contract.Plans are to develope a 5 Star Hotel Resort with a pre-sale retail value of $600mm...contact rosemary davis

Makes a lot more sense.Interesting he defaults on a 160k mortgage on a 490k house, and resorts to needing a life boat.

The one I looked at closely (a resort conversion project in Orlando) looks like a good chance of ending up stuck with a property that was a money looser and imposible to sell.I would also be curious to hear other's thoughts on these deals.Jon

I've looked at this for a number of years, mostly CO and UT ski resorts and it never made good sense to me.

I would ask for 100% financing at 7.5% interest (I would avoid interst only, but if that was a last resort I would take it), with a three to five year balloon.