I bet any of us here in BP can run circles around these guys with the knowledge we possess.

As to any lease, if you don't take possession you may get the landlord to agree to sub-letting by a certain date or avoid the contract, but I wouldn't take any unit off the market unless you covered rents.

Sounds like an encroachment that should have been caught when the house was built, look up adverse possession, you may not be due much if anything.I suggest you take what they give you as it doesn't sound like you have much of a financial loss if your home is far enough away to be marketable, I assume you bought the house with the house next door.

In ky when you foreclose on a property, it goes to a master commissioner's auction and the highest bidder at that auction takes possession and the lien holder is reimbursed through that sale.

Question is: how do you monetize benefits if ownership if the one heir remains in possession?

In the event the seller does go through bankruptcy, is it possible to quickly payoff the exisitng loan balance so you can take possession of the deed, or does filing for bankruptcy immediately lock up the sellers assets?

They can help you get possession of your home without getting into trouble.

So the first step was to gain possession of the property.

Nah, early last year I had 3 out of 4 with felonies for possession with intent to distribute, and the 4th had a misdemeanor for threats to ex-husband and new GF.Remember that they are probably somebody's tenants right now!

Your lease will specify when you are giving them possession.