He paid a deposit and one months rent and has abandoned the property and does not return calls or respond communications.

I sent the listng agent an e-mail and CC'd his broker highlight the lack of communication on his part and questioning the deal.

I am a real estate broker and I can tell you that if you have signed an agreement to be represented by your realtor than you should communicate honestly with him or her about the position you are in.

The accepted term in economics, accounting, finance, investing and general business circles, is "interest volitility"....anyway, terms are important to keep us on the same wavelength to communicate ideas..

Since this communication happened before the unit even became vacant, I advised that I will keep her info on file.

One of the most important things you can communicate to the seller is that you have not fell in love with this deal.

:So many people go to "Bank A" and get turned down, and they don't try anywhere else.I applied with a total of about 8 banks, but actually started processes or deeper communications with about 4 - 5 of them.

There you will find links for "Bank REO Listings" and "REO Asset Managers".Of course, Citi could have this loan guaranteed by some mortgage insurer or gov't enterprise (like Fannie or Freddie or VA or FHA); in this event it could be sold via the channels used by those entities.

That said, it may not be easy and as Jon said, you'll just need to communicate them regularly until it is resolved.The HELOC, who is now in first lien position, doesn't really have an incentive to sign the subordination at this point, UNLESS, they had previously already agreed to do so.

What that said, we have contractors doing the work for us, and overseeing things, while they communicate with us.