When all else fails I go to the court house steps and bid on the properties available that day using the Property Radar app. 

@Arin Failing Arin, Welcome to BP!

Of perhaps get some answers to the following:Im concerned about the contractor finishing on time, making sure I only pay him for work that has been performed, and not work he has yet to performmaking sure he is liable for work performed which isnt satisfactory,making sure he performs all the work we agreed uponensuring his workers are insured, licensed professionals.Id like a termination clause if he fails miserablya written lien waiver upon full paymentAnd im wondering about how to handle it when things (inevitably) go wrong.

We do  fail or make mistake.

There are a few other things that I'm failing to mention so that I can keep this post short.

The number that succeed like the example you gave pale in comparison to the number that fail.

At 19 I began my ownership career opening several failing businesses from building inspections to event planning each bringing in almost nothing until I sold one and then I started my ownership career with several failing tattoo studios in the area.

you right @Steven Hamilton II my memory failed me. 

All because someone failed to inform the buyer properly as to the future financial requirements of lenders.

The process is very much like that which you read about here on BP for many U.S.A. states.When the mortgage goes into default and, after the lender and owner have exhausted any other options, the lender will begin the foreclosure process to take possession of the property.1) In Alberta, the conventional first step will be for the lender's attorney to send a "Demand Letter" to the mortgagor advising them foreclosure proceedings are to commence.2) If the mortgagor failed to pay the arrears as instructed in the Demand Letter, the lender's attorney will next serve the mortgagor with a Statement of Claim.