Thanks Richard

I will explain a little better and I welcome your input and others

The property is ready with a DA  for development of 18 large commercial units in an industrial area , vacant land.

Yes 60% will cover current mortgage  but due to the market being flat and the large costs of the development  my hubby is considering the VF .

From my understandings if the developer pulls out we will possibly be in front as all going well he would of commenced development of the property. But then again he could possibly just plan to re-sell the land and do nothing.

I'd love to hear some ideas about the possible problems and negatives?

Thanks Katie