It is scheduled to close at the end of month and title company is still getting the condo transfer doc ready.

Just need more guidance and hands on people showing me how to get it done

Is there any significance to this transfer (mortgage and a foreclosure)?

@Eli M.What do you mean "transfer"?

If they were transferred due to the military, I am not sure the legal basis of a claim against them or not.

You cannot hold the bank responsible for you using the wrong wiring instructions, but I feel the banks should have some responsibility for allowing huge wire transfers to go overseas after immediately hitting the account.

Well when we finally saw it first-hand it was far worse than what we had been told. 

The agreement is that the tenant would sign a lease I provide with the current owner, to be transferred to me at closing.

Oral month to month contracts are perfectly valid, and transfer along with the property. in fact, this is nearly an ideal situation since month to month contracts give you more control of the property, especially with inherited tenants who we assume were not properly screened when placed.

On the other hand, if you are tearing out load-bearing walls, redoing the plumbing and electrical and adding a new porch, you would need a different coverage. 3.