Well, let's be honest, whether it's a company or a regular person, there is always a risk that they liquidate, declare Chapter 7/11/13 etc. and walk.  

Send a court officer to seize personal property (including cash)

I will be going to the court house to get the copies of the papers that were served so i can share them with an underwriter so she can tell me if i would be able to restore the title if the papers were served properly.

If they won't work with us, we will move right into foreclosure, report it on their credit report and to the IRS, and go after them in court for any balances owing after we sell the property.

What is the process for registering a new judgement holder with the court?

If they leave great, if not, you file for Summary Process in Housing Court the next day.

Most would tell you that over a year works but there are court cases where property has been held for more than 10 years and an exchange disallowed because the intent of the owner had been to develop and sell for the entire time.  

Apparently there are currently no laws in CA prohibiting making ur offer/contract to purchase contingent upon assignment-- assuming that is indeed declared in writing!

One was from the court house steps. 

Met with the individual (Mr A) yesterday and here is the situation.Mr A is 1600 behind on his land contract and was taken to court by Mr B.