That said, typically serviced by a servicing company so the servicer has a file tracking correspondence and attempts.

There are so many factors with short sales.You should have gotten WRITTEN CORRESPONDENCE from the foreclosing attorney for the bank that the sale has been postponed through XXXX date.Sometimes some lenders will continue to run the foreclosure while under short sale agreement so that they do not have to start over if the deal falls out.It really sounds like you had 2 inexperienced broker/agents working on this.You shouldn't have put a dime into anything without the full written approval from the bank and the foreclosure had been stopped by the FC attorney in writing.

Would each family member have to find a property that roughly corresponds to his or her ownership interest?

This list would contain the zip code and corresponding name of the municipality, and a breakdown of the number of SFRs.

The 1031 Exchange funds must be paid out by the Qualified Intermediary and the corresponding capital improvements must be completed during the 180 calendar day exchange period. 

. … But when you’re a correspondent or a banker you don’t have to have any set compensation with the lender,” he said.

A new appraisal after you've renovated the property and stabilized the rent roll will be higher, most likely.The problem with the refinance is, most likely your lender has sold the loan off to another bank after closing the reno escrow (or immediately after closing the loan if you were working with a correspondent lender which I dont recommend on a 203k).

Keep records of his correspondence and use it to hold his security deposit if you can’t collect the payment from him before he moves out.

It will also tell the lender to send all correspondence related to this property to your address as the buyer.

So far my realtor has been corresponding with him and I'm reluctant at this point as I don't want to hit the hornets nest with a short stick.