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The investor probably wants too much for the apartment. A home is worth only as much as a buyer will pay for it. So if the seller has dollar signs in his eyes, he may not see the reality that he's asking too much.
Can't the corp place a lien on the apt (if a condo)? Or, if it's in a co-op, and if the owner has a mortgage, you'll have no prob getting money from him.
A mortgage agreement typically (though not always) stipulates that if the borrower falls behind in the money he owes the co-op by an amount equal to three months' maintenance (or more), then the co-op is to inform the bank.
If you do so, the bank will send a letter to the borrower saying, "Pay the co-op what you owe in 30 days or the mortgage is due in full." Works every time.
The previous message just bounced out of my hands and so has no info.
Anyway, the building is a condo- too bad for these potential circumstances. Nothing has happened yet, it's just a feeling I have that it might/could eventually turn this way.
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