Luckily it closed but I can imagine the frustration this can cause.From LoneStarLandLaw.com -Quitclaims Clients often call a lawyer’s office and say they need a quitclaim deed.

I would imagine it's much more difficult to find good contractors, keep things on schedule, etc.

I imagine somewhere in Dante's levels of hell, management of these types of properties in Memphis fit somewhere.  

This is way more stress than i ever imagined.

People spend their money on crap they don't need and then wonder why they don't have any savings.100% agree.People p**s away money like no bodies business on every tech toy imaginable and replace them every time a new one comes out.

I can't imagine what one of those late night lawyers could do with that. 

You can imagine if you sell a home for $15,000 to someone who only has that much cash what little will actually be done to the home in the near future.  

@Jonathan West At this point I would imagine they are asking for the inspection report to try and get details surrounding the reasons you gave for backing out.  

A former adviser to the Bass family of Fort Worth, Texas, Barrack founded Colony in 1991 and began investing in property in the wake of the savings-and-loan crisis.

I would imagine Single Family Residences?