A business that's so stripped that it's unable to pay its own daily labor costs is one breath away from death and apt to disappear at any moment.

The lower end market (Under $200k) is a hot sellers market here and quality homes disappear about as fast as they are listed.

seemed pretty legit so i signed them and sent them back. a day later i get a warning from them that they needed these papers signed and the proof of funds letter sent in or the were gonna cancel the deal. i re-sent them, and told them that my financer was out of the country at the moment and due back in 2 days and i asked that they hold off until then. they sent me back a letter that said that they got only 1/2 of the paperwork i sent back to them and they demanded the other half or they were gonna cancel the deal. well, i had my lawyer send them back again. this time i got a letter that said they got only 1/2 of them and this document was the wrong one anyway, and if i did not send them the right one, they were gonna cancel the deal. i sent them a letter stating that they need to send me the right ones and from now on, they can deal with my lawyer. after several attempts to get them to understand that they need to converse with my lawyer, they started talking to him. they made several threats about cancelling the deal. we got all the necessary paperwork into them as requested, and they still accused us of not having what they needed and once again threatened to cancel the deal. i finally ad my lawyer talk with their lawyer out of new york city and we got everything into them as requested including the proof of funds letter and the 1/2 documents that they said they got. we had to send them certified mail just to make sure that they got them. after they got all of the papers they wanted, the deposit check and everything, they cancelled the sale and told us it was because we failed to get them everything they needed within the required 2 days after the sale. they later resold the property on hubzu at a $4000 loss in compared to what i offered them. even my lawyer said to never deal with them again because they were the biggest ******** he has ever dealt with. he actually told me that if i buy another house from them, that i need to find a different lawyer to work with them. 

Hi NickWas the contractor charging a fee to do the walk through, and then disappeared?? 

With tax sale property, the title insurer  is well aware of the potential for disputes.If the problem can be solved with QTA, the cost is typically manageable however the timeline may be 3-24 months depending on many factors.If your primary threat is delays from the process, then it may be more economical to track down former owner and give them a small amount of money in return for cooperation.

As a country our threat is no longer in the Middle East, but instead it’s accross the Pacific in China and North Korea.

this reminds me a little of the GFC when dow went from what 16 or 18k down to 6k.. agreed on buying Opps on the market.. once the perceived threat is over I bet it ROARS back. 

Very accurate.....I think there are only about 20 of these companies in the state....and when you see properties disappear off the list before the sale, could be a loan was made by one of these companies to the delinquent payer to get them removed from the sale.

It will either get spent on quality management or disappear in vacancy and repairs. 

As soon as they start making threats or withholding rent- take the steps to fix the problems, if they exist, and put them out.