My advice is to always forfeit and reduce the price if your broker allows it as then there are no tax implications

I chose to forfeit my deposit and walk away from the project.   

If the then holder of the legal title fails or refuses to appoint a referee, as provided in subsection (a) of this section, the then holder of the legal title shall forfeit his or her claim to compensation for such improvements.

If his client finally pays enough to qualify to do a deal with him, the investor must pay all of the money for the deal, have all of the credit, and take 100% of the risk to then forfeit over to Kris Krohn 50% of their investment and gains.

If you fail to bring the $95,000 -  you forfeit your bid amount of $5,000.  

If you leave your property on my property and I ask that you come and get it but you refuse then you are forfeiting your right to that property.

His lease isn’t over till the end of Oct and clearly states that “If tenant vacates the premises before the date agreed upon in the lease, the tenant will forfeit deposit and will be responsible for rent until the end of the lease.”

Make them sign the lease or a Holding Agreement immediately with payment of the deposit, and make sure it is clear that they will forfeit funds if they do not start renting on a specific date.

Our lease state that if the tenant is found smoking on the property their deposit is forfeit. 

We are seeking to establish an estate plan to transfer these mortgages to Trusts without forfeiting tax benefits or triggering due on sale clauses.