I'll be graduating this December with Psychology B.A. and Cognitive Science minor.Real estate has been an increasingly itchy bug I've discovered in the back of my mind ever since going to college.  

Through a helpful, non-assuming comment from a subscriber named Katie followed by my own research I discovered the answer to my question back in June. 

@Joshua CaldwellWith all that lath tied up in ******s, it appears as though someone go into the demolition and either ran out of gumption or discovered the property was unredeemable.   

I should have known better as the original county I signed up for they had next to nothing in the way of records, on discovering this I called up and they were nice enough to try me in a different county which was just as bare of records.Judging from some of the comments here and a little research on the internet, there are areas where they have very good coverage, my area is not one.I did try to talk to them to see if they would refund me a portion of my money (their welcome package makes it clear there are no refunds) but they were happy to hold on to my money, my loss, their gain.  

I discovered the BP podcasts a few weeks ago and have already made them a part of my daily routine - it is a fabulous source of information and inspiration.  

I believe if they had a surplus of owned properties, they would sell plenty of them in bulk, off-market deals to institutional investors that will rent them out.

Changing the beneficiary of a land trust may also trigger a due on sale clause, though it is harder for the lender to discover. 

If you haven't discovered it yet, the Bigger Pockets podcast is an incredible area for learning.Since I have been in residential construction for over 25 years I can give you some advice on rehabbing when you are ready.

When they have some legal issue they will probably find out.I'm guessing your attorney might be a corporate type that sets up entities, you better ask if s/he ever represented a financial institution in  banking or mortgage operations, if not, find one.

Anyways, after researching I discovered the owning company filed for Ch 11 bankruptcy recently.