On the other hand UAE especially Dubai and Abu Dhabi has wealth of different property mortgage products available, real estate investors need to carefully consider payments terms, installment rates and interest rate.

With the money you have on hand, could you handle the expected repairs until the rents can be raised to cover the shortage?

On the other hand, this could be a very good deal.

If you structure your offers with that basic fact in hand you will do fine.Even now, I have people telling me my offers are way too low.

Think about it.. why would a bank who couldnt resist the greed before, all of a sudden resist the greed when handed a $700B check?

If you don't or cant pay, you'll be expected to just hand over the deed and walk away.

Also like Jon said, I would keep family out of it but, I would on the other hand look for private money.

It is really difficult to spend time in researching property overseas, but if someone found the property exhibition in a desired region would help them a lot in relation to meet the developers and real estate agents, and get first hand knowledge of about their properties and locations.

It's great when new people come here that have already had their hands in REI.Welcome to the site.

To me, any property, not just a short sale should remain active until the offer has been accepted and signed with a copy in my hands.