It should be in a trust account held by the broker.

How often should these meetings be held? 

I got a property the the foreclosure auction held at Jefferson County courthouse footsteps.The lady living at the property is the daughter of the woman who was foreclosed on.

But that may not be what the agent is suggesting.Not sure which side of the transaction OP is on but, if the selling side, anything that needs to be executed and notarized can be pre-signed and held in escrow by the title company.

Your contract should call for 1) proration If rents for the month if August 2) transfer of any tenant deposits held.

But like you, if I find my own deal I don’t want to necessarily be held to a contract with an agent.

Can we be held liable for any losses on the part of the leasee or buyer?  

Those who held on can finally get their money back - and then some.For now, the story is simply one of supply and demand. 

They are held the last Wednesday of the month in Buckhead.

Try being the lender who's held the note for over a year or more, spending thousands on legal to get to the foreclosure auction only for them to file BK.