@Brent CoombsShe is on a fixed income so the reason for pursuing this property is to provide her with a bit more freedom by releasing her from this debt.

So my vacancy was much higher (longer to release).  

There are also title resolution companies you can hire to help in obtaining a release but if the lender is out of business litigation may be necessary to quiet the title.

You need this release valve for your benefit (and coincidentally the benefit of the private partners involved in the deal with you).

@Brandon YokoyaNo, the HUD consultant is essentially the inspector on the project, that:1) helps you identify the work that needs to be done to get the house code/FHA compliant, as well as helps you come up with a scope of work for what you would like to do to the property and how it compares to your available budget based on your approval/comps/etc. 2) inspects the contractors progress throughout the project and report back to the bank what’s been completed, by line item, to release draw payments to the contractor during the project.

Shortly after is the biggest event of the year, Fantasy Fest  which draws tens of thousands, immediacy after that is power boat races, which bring many rich folk, then Christmas, the iconic New Year’s Eve celebration, winter (sooo many snowbirds), spring break is always insane, singers songwriters fest, mile 0 fest and the list goes on.  

@Adam Walter the short answer is no.any predator on creditor cannot come after the beneficiary.The big thing about Land Trust is anonymity meaning that on the deed the only person is the trustee, which can be outside of the state or even outside of the country.He also may be an attorney which would resign straight after getting the deed transferred into the Trust.And would refuse to release any information by law, so not only they cannot sue the beneficiary in most cases they won't get to know who is he.land trust documents aren't public information there are just a set of documents sitting in your file cabinet

There is obviously a limit to how long you should take, but you should also celebrate the victories that you have made.

Meanwhile, I paid no commissions and had only a couple weeks or 1 month of vacancy because I was motivated to get make ready, showings and releasing done quickly. 

So we’ve had to cancel and now the seller will not sign the release of my EMD. $13.5k