It's much easier to sue the GC for your lost money (the 150%) and try to force a settlement.The alternative is to do nothing and pay twice for the work.

The alternative is to wait until they leave, stomach the mortgage yourself, and market it without them in the property.Your state likely allows for lease/options, AITDs, etc. that you may look into as well.

This strategy definitely works and is the RIGHT thing to do as an alternative to what the banks SHOULD be doing in the first place - allowing principal reductions!

The alternative is to invest in someone else's enterprise and let them take all of the upside that is skill-based.

I don't think i'd touch this property with someone else's ten-foot pole, I just wanted see if I could let them know of any options, and if folks out there could see another alternative to bankruptcy or foreclosure.

Yes, the appraiser will use foreclosures and short sales if there is no alternative.

Sure, they're higher than you want to pay, but what's the alternative?

What's the franchise bit or is that the preceived alternative investment?

I found out today that the governments HASP program is a possible alternative to at least refinancing a property even if you are above the mandated fannie mae 4 property limit.

If not, great I will continue to collect the checks.The numbers dont look great for a lonnie deal, but when you look at the alternatives its not to bad.