If that doesn't happen, they will interplead the funds into court where the parties can fight over them.That said, I agree with @Wayne Brooks ... if the buyer had a right to bail you'll end up losing more than the EMD on this one.

I would start by getting rid of the cars and house and putting the kids in public schools, at least until you're in a better place financially.

Trying to decide between about 5 different properties as to what makes most sense financially, best return, etc.  

That seems to lead to negotiations where I'm not yet financially prepared to make any offers.or2)  Present this potential deal to potential financiers half-cocked with not a lot of information?

I went through an eviction (going all the way to court), how to handle late payments, how to screen better (after my eviction), what kind of complaints you get, etc.

Yes, with court approval you can.

Everyone of us are 100% all in and ready to start taking control of our financial future for some very strong reasons.

Im using this post to reach out to anyone who can give me financial advice as fast as saving and a few tips as a first time buyer .

Technically you can be forced to remit all collected rents to the former owner, because you were never legally entitled to possession.2) They can file suit against you and ask the court to declare the sale void.

Code § 1951.2Also if guy has no job depending on how long he's unemployed might be hard to get anything form him in court.