I could not believe how many defects there were in the contracts.

Depending on what your goals are and what you have to put into the trust, I may want to introduce you to a DEFECTIVE Grantor Annuity Trust.

Adverse Possession Under Texas LawJust because a property has a defective chain of title doesn’t mean you should rule it out right away.

Here are a few to beware of:1) Seasoned bidders overpay just to force you to spend your money faster or send you home empty-handed.2) Form collusive partnerships with other bidders (illegal, but it happens).3) Bidders bid on properties w/either known title of other defects but they know how to fix (but you don't see even the title flaw).

If it was a vacant house, perhaps he or she didn't know about the defective pipes.

In my experience, those who tend to like the DSTs, and this type of solution, tend to be those who are 75 or older without a spouse or significant heirs and who are just looking to postpone the taxes beyond their likely life expectancy (recognizing, however, that this is an ever increasing target in some instances).One defect here is that you are totally out of control.   

Personally, and I am a contractor, I'd send them notice, ot you could have your construction attorney do it, they will not be paid any further, and you will likely back charge/sue  them as correcting their defective work will cost more than the balance remaining.  

Ask specifically about any defects in the process.The pet on approval angle might be one to sell more (but just leave it at that and pull the cat clues if possible for showings).

Are you as a real estate pro more likely to be hit with a slip and fall case, or a claim of nondisclosure of a defect in a property you just sold?

The oven should not start on fire unless it is defective, in which case you have claim with the manufacturer.