This outlines what happens when someone defaults on the contract. 

In terms of outlining step by step goals, I haven't laid it out for the entire time horizon.

@Lelith WalkerYour governing documents should outline the procedures (judicial foreclosure, non-judicial foreclosure, etc.) the state of New York may also have provisions in their condominium law that governs how you can collect.

It doesn't have to be a legalese document, but outline everything you discussed above and both sign it.

@Eric ArmstrongColton outlined the costs the best with a woodpress site.

The Ultimate Beginner's Guide outlines the most popular ones.

Buyers did all they could to follow escrow schedule while selling agent did not perform as outlined in escrow schedule (selling agent/seller chose escrow company).Selling agent requested us to remove loan contingency, while buyers submitted a notice to perform to seller to deliver the all the signed lease agreements as well as a 1 week extension on closing date for loan (loan officer and buyer's agent have strong relationship and in my understanding, had to work really hard to get through all the hurdles so far).Can I get your thoughts on the situation, potential scenarios, and how the buyer can successfully purchase the home?

Depending on town regulations, most all have it outlined in their contract verbiage that the septic tank is to by pumped, collapsed and buried.This was truthfully a small expense in the grand scheme.

Additionally, I am sure your lease has some clause in it where it outlines the ramifications of non-payment of rent, you have to stick to that.Otherwise, the school of hard knocks is waiting to teach us a lesson.

We point our new Bridgeport residents to this link as a summary of the code:  https://www.jud.ct.gov/Publications/hm031.pdfBecause most will never read it,  we have a basic "Rental talk" outlining each parties responsibilities.