I don't think Americans realize the seriousness of this defeat-- and the permanent effect it will have.

The directory contains holiday homes, investment properties or permanent residences in America.

Especially one triggered by their breech of a contract.You could remind them it would be far less traumatic for you to make your current buyers whole than it would be for them to have a foreclosure permanently attached to every mortgage application they fill out from now on.

Is there a difference if it's a large permanent style set or a small/temporary plastic Little Tykes set or inflatable pool?

I was doing rehabs, spec vacation homes, lease options and I originated construction to permanent loans to owners builders for a year right before market in CA crashed.I end up with a few finished rehabs when everything freezed in CA market and I lost a lot.Because of that I started to study short sales and pre foreclosure business.

Just know going in that you are obtaining TEMPORARY financing on this property and not permanent financing like a 30 year mortgage.

I have been a contractor for alot of years and have always been interested in real estate, so finding decent deals and fixing them up isn't a huge problem.Still working on exit strategies, talked a good bit with a local portfolio lender and looks like I will be able to get permanant financing after the rehab with them.Going to work with a hml and do most of the work myself, while expensive this should allow me to increase my reserves slightly during the project and then refi with no cash out, hopefully straight into the next project.

Check your local codes because they may have specific inspections required if you are permanently capping the gas line and closing it up in the wall.Typically, you would cap the gas line, cap or remove the vent, run the electrical service for the new heater, install the heater and close up the wall.But, again, your locality may have specific requirements to deal with the gas line.

I'd do hard money and then refi, so I'd put the final permanent loan on this at $65K.

That's a pricey route, adding about 10% of your purchase plus rehab cost into your permanent loan.Mike says he is able to get commercial financing at 100%.