If, through the process of renovating the property, the market shifts, do you have an alternate plan for the property, whether it be to live in it until the market improves, or convert it to a rental property, etc. 

Leaving out auction and foreclosure costs for a second, when you write that check for $220k the trustee is going to pay BigBadBank the $175k they are owed first, then he's going to pay LittleBadBank the remaining $45k, and you will get a clean title as the process is going to wipe the slate clean.

Wagner was recommended by my cousin who purchased a few properties with them and he's happy with the process.

@Ryan Bono Sounds like you've built a sweet team and process!

If so, does anyone have any referrals to help me with the process?

The tenant then decided to vacate the property and leave a mess in the process.

Even large and small businesses with intangible residual services like TV, internet, security, pest control or the local contractor with remodels in process could fall behind on payments revenue contract. 

Will research more on the process.  

You could then complete the construction and build your primary where you want on the land.It's a bit of a complicated process. 

The process went smoothly, and I’m happy I got a tenant so fast, but the high supply of new builds in the area makes me nervous.