It also says that if they fail to follow through, for any reason, they forfeit the deposit. 

If there is a mortgage will the bank be able to take it over when I purchase it from the county and forfeit my money?  

This is why you have reasonable inspection periods after which a substantial EM, 5-10%, would be forfeited if they don't perform.

I made the mistake of buying the property from my property manager and the conflict of interest left me with poor management, months of vacancy and I forfeited the property back to him.

What happens if I am renting a property from a business that has been forfeited??

You forfeit your deposit.  

If they see a better property tomorrow, they can walk away and forfeit their minuscule deposit.

They pay a 2 months fee and forfeit their security deposit. 

If the tenant and landlord cannot come to terms then a hearing must be held to determine how much, if any, of the security deposit may be forfeited to the landlord. 

Yes she was brought up in a wage slave environment, her dad, and gradnpa are retires (with pensions) from IBM, and her mom is still working at her employer hoping that they will come out of bankruptcy so she can retire with the pension she built up (forfeited if she retires while in bankruptcy protection).