I'm with @Jean Bolger, @Scott Allen, and @Joe Splitrock on this one, provided that you intend to reinvest the proceeds.

Filed the necessary court paperwork etc.

In the event that it went to court wouldn't a "holding deposit" be considered an earnest money deposit, regardless of wording, in which case it couldn't be completely non refundable? 

i just received this "potential lead" minutes ago  ( Providence, Rhode Island), its a 2 building property, one unit is a 3 family and the other one, one family, he tells me that in the 1 family we cannot go in an see because he has a tenant under section 8 and is going thru the eviction with the court. the other 3 unit house is vacant due to renovation he was working on it and seems to stop. told me hes not desperate to sell bu, but i know my fellow Dominicans lol, hes a avoiding a low blow from me on the price.im looking to see if i should wholesale this to a landlord, seller finance (he owns free and clear) or hard money lending so i can fix and hold. wow!

A break over how real estate is purchased and sold now reaches the California Supreme Court.Those on both sides of the argument will soon know the high court's decision in the case Malibu home buyer vs.Coldwell Banker.

So I text the brother on Friday morning and I say, " I want to proceed with purchasing the home.

If they do not agree to pay rent while you look for someone new, you can take them to court for rent and get a judgement against them.

For you, they're hieroglyphics.Probate bonds, also referred online in some jurisdictions as "Q-bonds" or Bond zip on Qualifying refers to bonds that the court requires of some petitioners. 

IRS instructions for Schedule E, lines 12 and 13 states: In most cases, to determine the interest expense allocable to your rental activities, you must have records to show how the proceeds of each debt were used.

If he is on the note, he could probably ask for and get 50/50 of the proceeds of the sale, so I wouldn't push it.What would Judge Judy say?