If conflicts and/or disputes are arising, you should consult a real estate attorney in your state to be sure of your responsibilities.

If the property had negative equity, the borrower can not direct a resolution on their own, as the Mortgagee would not be paid in full.

If not, you'll find out how they work.Some other things:- Obviously keep all of your receipts so if there is a dispute you can show the contractor what you bought and delivered.- In your contract with the contractor, specify the exact make and model numbers of the items you want installed (maybe just for the larger, more expensive items if you want).- If something goes missing, immediately speak with your contractor about it and gauge his reaction.

It confirms what the broker is telling me, disputes what the broker is telling me, or tells me something that the broker isn't telling me.As to the FNMA refi...you are correct, they want 90% occupancy for 90 days trailing, but that's referring to physical vacancy, not economic.  

We work as REO brokers for the banks, and typically they do not accept offers with any contingencies - we are always instructed to counter out everything except for financing, which is typically 7 - 10 days for a full loan approval.On another note, which most buyers are unaware of - most REO properties are sold with pre-determined Title and Escrow companies, and almost all sellers (banks) that we work with cannot cancel an escrow and open a new escrow if the deposit is in dispute - so the seller typically refunds the deposit in order to open a new escrow and sell the property.So, is your deposit ever really at risk...

I have an email out to his supervisor, and am hopeful an explanation or resolution will quickly follow.

Seller - Usually your purchase contract outlines a process for disputes.

What do you do to ensure that the tenant is responsible for security deposit disputes since that is the largest reason for owner lawsuitsHow familiar are you with the newly changed laws that can affect you the owner if they are not used correctly?

Both parties signed, the money was disputed to the seller.

I would also recommend adding a resolution to the LLC docs that allows each of you to individually sign on behalf of the LLC.