Even if you have all of your ducks in a row and the funds, without the established history of bill pay, you will be kicked to the curb by 90% of conventional lenders.

Will I need to qualify for traditional financing or will I be able to complete this deal with limited funds?

@William Huston those numbers seem sufficient but not great.

I didn't use an intermediary at the time of purchase and the funds were deposited into my account. 

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.

@Tim FosterYou can apply for a HELOC and you won't be charged interest on funds until it is withdrawn from the HELOC.Normally when you speak with a lender - he will ask you where the funds will come from.

I've been pondering this topic of finding ways to get into REI with limited funds for a while now as many others have also I'm sure.

So I guess I will wait to use the fund after the full distribution has been carried out.  

I'm eligible for a VA loan so 0 down but to minimize the funding fee I can put down 5-10%.

Don't line up funds and then wait 36 months for a "perfect" opportunity, that's not how investing works.You can find 5 potential deals and they'll all slip by unless you're ready to go with your funding.