The good news is its fixable.

BoA's foreclosure business -- Recontrust -- got kicked out of Washington State, and many others. http://www.bloomberg.com/news/2011-08-05/bofa-s-recontrust-unit-sued-by-washington-state-over-foreclosure-practices.htmlThere are houses that are literally rent ready, that have sat for 2-3 years...

If that doesn't turn up anything, I would think (and others with more experience, please jump in) that the best thing to do would be to report it abandoned to the DMV.

I wouldn't worry about running a credit report on someone who won't have anything on their credit.

I know that I will need a title report on the property to show what judgements, liens or encumbarances are on it, but how do I get that kind of information without coming out of my pocket?

Have you experienced the slowness of funding or CS inquiries that others on BP have reported?

They are currently in Chicago and just got the news.

Good news is i'll pay all the fee's in the meantime and only charge you $249 (Brokerage fee) when you're ready to buy again!

Do let your new tenants know (in writing) that there is a new PM and what the protocol is for reporting problems, paying rent, etc.Hopefully you can find a more responsible and reliable PM.

Should you need to back out of the contract for any reason, you simply need to find an item on the inspection report that would NOT be readily apparent to the average buyer going through the home and looking at the property prior to making the offer.