Not all debts carried interest nor did all pledges of security - real property or chattel - require interest to be paid.CFD and LC being treated like security instruments after certain time limits by the court so that the buyer/borrower has a [fair] chance to redeem the equity in the property if they so wish.  

Also be prepared for the fact that the court is as likely to rule in his favor as it is in yours....which means you could conceivably end up owing the seller and the courts thousands of more dollars.

HERE they made it the court owners cost to pay these when home owners disappeared and abandoned their junked out trash dumps. 

I am trying to find the mortgage balance owed on a property, I was told it's public records on the clerk of court website but I don't seem to see it...?  

This is where the court holds your rent until things are fixed.Just because the taxes are paid doe not  mean he is not letting it go to foreclosure.

The IRA LLC model has been around for more than 20 years and has been tested in the courts.  

However, I have seen many short sales where their actually was equity in the property and the shortage consisted the past due payments, a real estate commission, attorney fees and costs from the foreclosure process, court costs and closing costs. 

Look on the clerk of court site, Foreclosures, you'll see an auction calendar.  

Now that you have a judgement you can sue in small claims court.

The reality is either side can try and tie up EM in courts with attorneys if each side backs out so a settlement is usually reached to end the contract etc.The other buyer agreeing to 7 day inspection for non-refundable is very strong.