I think you might be better off positioning yourself such that the goods/services you offer are visible to those that might be in need of those goods and services, that way they call you. 

I have never owned or dealt with real estate during the 2008 crash.My question is: Will the lending institutions close their doors on all lending programs or most lending programs during such a time and make it difficult for me to re-position the property (even if the deal was looking great from a lending perspective)?

@Steve A. when selling your best course of action is to market to the greatest number of buyers. 

I also set savings goals to help fund my first deal and when I will be taking action on that deal. 

Of course, you need to be in a position to buy a replacement property in order to make it work.

I would focus on building my cash position, and perhaps working for another investor part time.  

Unless they're funding the whole acquisition, they'll never get first lien position over the big mortgagee.

The Seller should consult with an attorney about a quiet title action.

In most states you do not have clear title unless a Quiet Title action is done, a certain number of years since the sale has passed, the past owner may have redemption rights, etc..Also check for zoning and use restrictions.....many vacant parcels go to tax sale because they can’t be built on and are useless..This is not something you want to buy if you don’t know exactly what risks you are assuming.  

Way to stay positive!