It states that: [T]he corporate form may be disregarded and individual shareholders held liable for corporate misdeeds when (1) control over the corporation by those to be held liable was so complete that the corporation has no separate mind, will, or existence of its own, (2) control over the corporation by those to be held liable was exercised in such a manner as to commit fraud or an illegal act against the person seeking to disregard the corporate entity, and (3) injury or unjust loss resulted to the plaintiff from such control and wrong.The test is conjunctive and requires that the plaintiff can satisfy all three prongs of the test.

I recently cancelled escrow because based upon my due diligence I would not have been able to exercise the strategic investment model I was seeking to do.  

Then I would lease the property for $3000/mo designating $2000 payments to the loan and $1000 to the seller until loan is paid off (approx. 9 mo) at which time, I would exercise my purchase option on the balance. 

Now the tenant has not paid in 2 months and even through that was part of the problem I felt I was exercising my right as a landlord to give 15 days notice to vacate.

As such an auction buyer can exercise those rights since buying at auction grants an interest in the real property.   

In any event, the answers would certainly allow this analysis 'exercise' to pay dividends. 

No one is in business for entertainment or the simple exercise of talking to potential sellers.

Even if your car appreciated, you could still run this analysis and find that the cash flow opportunity cost I wrote this up as a sort of mental exercise, to be aware that while buying things with cash might be simpler, it's not always so straightforward as to be the "best" route for making a large purchase.Account Closed - Did you end up immediately investing the money you saved up front by financing instead of paying cash?

Thus ends the academic exercise.

I've done hundreds.Mark,Great insight shared above, thank you.Now, as an exercise, a hypothetical question that might help someone in the OP positions: if the OP (buyer) were to loan the heir (unprobated heir seller) a personal loan with a security guarantee of her interest in the unprobated estate (including the real estate) and then filed the personal loan in a UCC filing and also against the persons credit and filed a notice against the property with such claim guarantee then would that proactive action help the buyer to fight off potential other investors who maybe circling the wagon?