It sounds like the first thing you need to do is get that situation remedied...perhaps look into doing a short sale.

So, on day one we'll begin ripping that out and then remediate what's needed after.

First, read your contract....it should detail the remedies/liabilities for default by each party.

Got the EP1 back and to my surprise it failed because there had been a leak a few years prior that wasn't completely remediated.

The EPA planning to do more testing and start the remediation efforts.

“We will be pursuing our legal remedies to get Detroit an accurate count.”Census Bureau officials vouched for the accuracy of the count during a Thursday press conference, but civil rights groups and politicians have expressed concern that the COVID-19 pandemic affected the outcome."""

Additionally, if the buyer fails to pay, the seller's remedy for non payment can be having to foreclose or a timeline equal to foreclosure so there is really no benefit. 

But that can be easily remedied.

Why would you first not try to remedy the property?

Costs range to remediate / remove it is $500 to $4,000, $6,000, as much as $30K were some quotes that I've seen.