I'm very secure knowing that my house won't be losing value any time soon.As an aside, I will note that the few RE investments I have made are not out here and I would never buy a rental out here - there's absolutely no way to cash flow it.

Or, some sort of personal loan or a loan secured by some other collateral. 10% would be very good on a fix and flip loan based on ARV.

Hopefully a quick judgement from a Texas court and a lien on the property to secure the judgement might be the best way to see my deposit again from these guys.

No matter how pretty, wealthy, or "nice" they are - people behave one way in public and hide their secrets "behind closed doors".

Security.No one yet has mentioned the problems with ensuring one's own personal security on an island.

I try to strike a balance between security and practicality.Good Luck,Mike

As a former teacher, I've seen how bad things have become in the past decade, and it isn't going to get better any time soon.I suspect it has more to due with the fact that the quality of grade and high school public educations are on the decline.

Will the bank make some sort of public declaration if it decides to auction the property?

If you want to sit out, woudl you be interested in making solid returns on your cash secured by 1st and only position loans on real estate at LTVs no greater than 70%?

In the end it's all worth it because you have secured a property with no money and without using your credit..