I hope you don't get discouraged and you continue to press forward and accomplish the goals you have set for yourself.

They keep the late fees per the contract but are doing nothing to collect the uncollected rent; when I pressed the matter they asked if I wanted to proceed with eviction.  

Get up from in front of the TV, get a second job, and pay off your debts.That second job doesn't have t be flipping burgers.

Ever seen the TV show "Flip This House".

That's how close it seems we may be to the edge....trueworldhistory.info, jim rogers, max keiser, peter schiff, jim grant. check out these and see what the hidden from tv experts have been saying for the last decade or more!

I second Richard's comments.The property can be liened on if the bill is not paid, unlike TV, electric, phone, or trash.

All the people that are scared of real estate now are the ones that are going to be eager to purchase a bunch of properties that don't cash flow when the newspapers, tv ,etc tells them "now is the time to buy".

Now lets see how can you get this segment on national TV...

Kenvest,Thank you so very much for your tangible legal fact, I’d just called my realtor’s staff manager in regards with "time is of the essence", without a pause, he then tells me it’s already on the contract, he was stuttering and said he’ll reread the contract after I asked him why did he agreed with me then when I though I would have to lose the 3% of the selling price for breaching the contract if I’d decided not to agreed with their last postponing and wanted out, in addition to my comment to him that there ought to have some kind of protection for my situation.Just myself to blame for not reading the contract thoroughly (rookie’s lesson # 1); took it for granted; relied on the realtor’s verbal review of the contract with me which appointments always set to be her last one of the day (whenever comes to signing anything) and under a time pressed that she’d to leave soon to pick up a member of her family… I would have dropped this deal if she’d elaborated that term especially when the seller is not responding to my asking of some kind of compensation (naturally, since I’d agreed to their last postponing without using that as a leverage at the same time), let along she didn’t let me know about the property is in a flood zone until the last minute when I’d to signed off my contingencies (supposedly a week prior that they’d even admitted but with an excuse) and reluctantly went through with this deal since I’d spent so much time and effort on this property already, on top of the $1K spent on “two“ inspections along with the upfront appraisal… 101 other reasons for me to make a snap decision now to drop this deal in a heartbeat without worrying the losing of 3%!

My market has turned into a blood bath fighting for rehabs pressing prices above reason, all the while rentals with a vacancy rate of 3% and a solid 5%-7% annual appreciation on rents across the board each of the last 3 years with the only change in sight to be growth to those returns.