We've decided to stay...

My post from the http://www.redfrogbeachforum.com today:

Thanks to many of the owners who have contacted us recently after seeing my posts at http://redfrogblog.blogspot.com. Your input has made all the difference. Before we heard from you, we felt we were all alone out there; torn between sticking with it and wanting to see Red Frog succeed or getting our money out and moving on. We have decided to do the former.

Joe and Dan have been exceptional at explaining their position and our options; they have worked exceedingly hard at helping us find a solution to our unique situation. They were very good at making lemonade out of lemons!

At first we were not thrilled at having our dreams of a beach front villa wiped out. And fractional ownership was the furthest thing from our mind. We wanted to have our own place, decorate it like we wanted and rent it or not rent it out. That may still happen, but not until Phase I is completed. So our next question was, what do we really want?

We are now convinced that fractional is a good alternative for the short term. We will be able to visit to see if we even like living on Bastimentos, or if we really want to build that dream home on the Caribbean! Plus the host home could be done as early as the end of the year if the project starts back up. That certainly is a lot better than waiting possibly 2-3 more years for titling on our rights of possession lot so we can finance our villa (or worse, having to come up with 100% to build it!). If we don't like it, there is a good chance we can sell the fractional and get our money out that way.

For those of you naysayers, you probably think I have drunk the Kool-Aid. Those of you who are already onboard, you have probably come to the same conclusions we have and have made or are contemplating making a deal to get this project back on track. We believe this is the best solution for all of us; to get the project built. Good luck to everyone at the owners' meeting next month in Minneapolis. We will not be there. We are told the room is FULL! Most of the attendees I have communicated with are very positive about finding solutions. I think it will be a most enjoyable event!

If you have questions or concerns, e-mail me mick@sfresidence.com!

Mick & Janis Lot 83