So there are quite a few organizations in Orange County that had not been paying any of the tax bills, and the former tax commissioner never sent their liens to sale.Fast forward however many years later, and there is a new tax commissioner that was elected.

My wife is the President of a title company here in Michigan.

I got everything I had out of the country just at the right time and now I'm only waiting for the next big crisis coming next year when the newly elected president takes office and starts implementing the measures necessary to rebuild the Argentinian economy; the first one will have to be devaluation. 

It will say something like.Buyer retains earnest money and this will be considered full liquidated damages with no further action allowed.ORBuyer can elect to receive earnest money as damages and also bring suit for damages.ORIt can mention you choose one or the other.Really your contract can say anything so you need to read it word for word.

@Thierry Van Roy Call three local REIA clubs presidents ask for investor contractors as referrals, do not pay retail.Go to IREM.org search for ARM certified property managers.

I live in a small condo building, 34 units and have served as Vice President on board previously.

In one county the estimated loss in value direct due to this legislation is estimated to be $1 billion by the county officials.Some people who do not have mortgages and therefore not required to carry flood insurance might elect to "self insure" ie not carry any flood insurance and put for any flood damages out of pocket.Most of the investors that I have talked to have said that they will stay away from flood zone properties and try to sell the ones they own now as soon as possible before the full force of the insurance premiums kick in.But as a counterpoint one investor told me that he would be seeking out flood zone properties with the idea of buying them at extremely low prices, all cash, with no insurance and rent them out for the cashflow.

Should Tenant elect to terminate lease negotiations, all of the Security Deposit shall be forfeited.

President(buyer/agent, license number BR549)

Then I would prepare for a fight with the president.