Even duplexes in B areas here are selling for 400k or higher.If I'm looking to rely on conventional bank loans, banks in Cayman consider any properties in excess of 2 units (triplex or higher) to be 'commercial' for the purposes of lending.

So, it's like a game of musical chairs, but if you lose, you're have the option to wait until someone eventually brings a new chair back in for you to sit on. 

I don't want her to lose the escrow deposit I will be making with my offer simply because she can't get financing and the agreement is clearly not contingent.Anyone on here have experience with this type of situation?

The irony is that most people, when they actually achieve their financial goals, end up feeling even greater financial pressure, thinking "it's still not enough" or "I could lose it all".

The chance of natural disaster is something like .1%...so 99.9% of the time you just have excess funds...so sure, maybe pad in an extra 100k to ensure you have some room for these things (assuming insurance doesn't cover it all?).

Thank you for your time to whoever assists as this is my first wholesale deal and I'm excited about finding it so quickly and don't want to lose it if I don't have to (I found it while building my buyers list, he reached out to me.)Please excuse the long winded post, I wanted to be complete so I can get the best possible assistance.

Investors can simply pay the bank judgement, and cut a deal for the owner to walk with some money - now that they're going to lose the house and equity at auction, in addition to getting foreclosed.So again - this does not explain - why has this house landed in Auction - when the judgement amount is way less than the market price.

My concern was twofold: First, you lose the ability to do the final walk through, because you have 60 days of not knowing what they're doing to your place.

And couldn't you take out the equity in your house and make that investment anyway without losing the asset?

The biggest is that if you do not make the payments on the HELOC you will lose your home to foreclosure.