What kind of financing is available for this type of transaction with multiple properties involved.

I've done this exact same transaction (even R/M in default) many, many times in the past.Since you need a seller with CPA's (capacity, powers and authority), your title insurance company will list their requirements for your seller.What we do not know is if your seller must get sale confirmed by court. 

Refer to the California Department of Consumer's Affairs guidelines for the security deposit.http://www.dca.ca.gov/publications/landlordbook/se...

if so is other paperwork  needed to complete the transaction.  

I personally think that the first paragraph is good advice, but the second paragraph is bad advice.As bankers, we want relationships not transactions.

It's public record and I go once a week to the court house in the probate department and ask for the recent probate cases for the past seven days.

The longer answer is:There are 8 departments that work together to sign off and approve the subdivision plan.The subdivision will have to comply with the very cumbersome land development code that Austin has. 

The broker tends to be more in tune with what is transacting and market conditions.

I love this topic.As a real estate agent, you are setting yourself up to represent someone else in their transaction(s).  

Could you point me in the direction of information about these types of transactions?