Upon inspection the tenant still had table, chairs, random junk, tons of clothes, and garbage strung out across the unit, not to mention a broken window and holes in walls where it appears a body was slammed against. 

If you were to find out that the property sold with an inferior offer, you could lodge a complaint with the state regulatory board. 

Yes, it does, but it also adds to our risk because of fiduciary responsibilities, regulatory compliance and liability.  

On the upside, builders surveyed said that a less regulatory environment contributed to higher confidence readings.While home builder confidence is higher, the connection between confidence and building more homes isn’t matched by housing starts.

But I am not familiar with the regulatory compliance, so may be worth it to get a service provider.. 

These vulnerabilities in the mortgage market were also not the focus of regulatory attention in the aftermath of the crisis."

No more legal size paper, margins for recording data, top, bottom and sides, by the time you have the body of your document, well....few will be on page.

You should be able to find an interest rate today for <3%.The service that penfed and b of o (I just call them BO, after the body smell) provide is adequate but can be frustrating.  

Search Contract-For-Deed on BP, you'll see the issues, I'd  suggest you look up Subject-To as well, a better choice.It also helps if we define the type of "commercial" property we are talking about, multi-family is much different than office-warehouse or retail or industrial and each has unique requirements where having title may be more crucial in operations, such as regulatory compliance, zoning issues, construction matters and financing. :) 

Here's a pic of one of my rehabs that had a yellow (ish) body.