To mitigate in the future ask for a conditional waiver together with his invoice before you issue a check, and unconditional waiver together with your transmittal receipt with (guarantee that he paid all subs and suppliers) of the check.For him not to put a lien, call his contractor's bond company, let them know that the contractor abandoned the project and you would like to file a complaint and want to know their procedures.

@David GreeneI also want to applaud you for writing a book on OOS investing and sharing your procedures and best practices.

You don't say where you're located and the procedures for these auctions vary widely.

I'm getting myself educated with the procedure and will be seeking some help from the old-timers that do this in a different area.

How do I go about this procedure?  

Not much procedural difference between wholesale and functioning as a realtor.

People.I do have propstreams and I know that this is a legit tool that can get me in contact with real people, I just have not done the procedure yet (just bought it.)

With this new information I’ve decided I only have two options: Only wholesale in Indiana or go through the procedures to achieve a real estate license in Illinois and also do business in Indiana.

The other was to look at a sellers payoff statement which takes about 2 weeks in mail.Can you tell me your procedure as if a seller called you and you had to determine if the property had room to make a deal?

I have several questions as I try to finalize my analysis procedures.1.