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.

You either fix it up as best as you can or if you are open to the idea you could always resort to feng shui?

Sounds like this was one where the bank had it prices WAAAAY too high and resorted to a commercial auction to get rid of it.

Bank Turan Alem Group invested about one billion USD in hotels in sea-resort Batumi, a businessman from Dubai purchased hotel Sheraton in Tbilisi for few hundred million USD, and lots of property besides, he alreay spent 1 billion and he plans to spend 1 more billion.

Even though we focus on a variety of funding requests, we seem to focus on funding projects related to commercial properties such as hotels, resorts, casinos and other types.

We also have two properties we are developing in Costa Rica a Mountain resort and the other is a Golf Resort/community.

As a last resort… I have offered to “reimburse” or give the Realtor $___ to help with costs they incurred....

HML is used as a last resort but work if you are fast and know what you are doing.

I use the online service as my last resort before excepting the applicant.

Curious what other foreclosure auction buyers are paying to previous owners and tenants when you need to resort to cash for keys.We typically budget $2500 for owners and up to 2 mos rent for tenants.