There are many stages to a foreclosure and this one might be at the tail end of it or the beginning.b) Take that money from the broker and go to a good RE attorney and ask them if there is any applicable remedy associated with this type of situation.

You should, however, include a clause in your purchase agreement stating that keeping the earnest money is the seller's sole remedy in the event you don't follow through, and that they cannot sue you for specific performance.

breach or threatened breach on any provisions of this agreement, the non breaching party shall have minimum adequate remedy of $10,000,000"

The two most used out clauses are "subject to inspection" and "subject to partners approval"You also need to make sure that the earnest money is the sole remedy against you incase you cannot find a buyer and get the house closed.

If the obligations aren't fulfulled, then the agreement and contract states the remedy.

If not, and you only have a grand or two on the line as earnest money, and the contract states that the sellers only remedy if you don't perform (i.e., no "specific performance" clause), you might really think about letting that go and walking away.

The contract does state the sellers exclusive remedy is to retain my deposit. i have been unable to line up any other buyers. if anything its a learning exp.

The property management left it to the tenant to handle everything, and refused to notify the property owner.Unless handled properly, water can continue to cause damage for weeks that can lead to very costly remodeling and remediation repairs.

It will be affordable for homeowner to continue to live in the home while Attorney exhaust homeowner legal remedies.

Knowing these flaws will give the seller time to remedy the problem before selling.