We were able to walk it with our agent prior to auction and the place needs very little work (has new carpet and new paint - appliances needed).

I'd be curious why they'd take a lower offer, unless they had accepted it prior to yours.

It might be helpful in determining how to proceed.If the property is in South Carolina I found this link.Here in Oklahoma, if a tenant moves out prior to lease expiration, we consider the property "abandoned". 

and that the house is now owned by FMNA.To me that means, the buyers didn't get paid....but had to pay the lawyers...and subsequently lost the house to foreclosure, ruining their credit AND the prior owners (who may or may not have known about the spiders at time of sale).Sometimes it's easier to just suck it up and take care of business yourself.  

After reading your post above, I would love to know what you would suggest as far as RE education for us and if you have any prior posts about this, just point me in their direction.

Here, licensee disclosure as a principal must be made "prior to entering negotiations".  

Buying, I sometimes do two, one at contract and one a few days prior to close, agents dump bleach in for a good test.If you bump into a shared well or septic, make sure there is a well/septic agreement as to maintenance and upkeep that has been filed for record.

@Will Wu - I may have admonished you prior for hitting her hard, however you are now "in play" on this deal until either: 1) the property changes hands with another buyer, 2) seller informs you that your offer is not accepted 3) you decide to walk.This being said, you're just frustrated because this is not progressing along your choice of a timeline.

It is not that hard but their tutorials can give you better instructions then I could.

George:  I can't find our prior post regarding Lake Havasu City, but here is some information on summer vacation rentals.