That usually happens when Tenants didn't vacate the premises and Writ of possession was filed.

the old leases run with the property and are as valid with the old owners signature, as though you had signed it yourself. you can both sign an addendum stating that ownership has changed, but that would be redundant from a contract perspective. more importantly, before taking possession, you want an estoppel agreement signed by current owner and tenant which agrees to the current rents, deposits, and contract terms. otherwise you can take possession and tenant can claim he has prepaid rent for next 3 month or old owner verbally agreed to let him have 5 large dogs.

If abandoned, can take possession immediately unless tax sale was void.

they did finish the foreclosure, just stopped short of getting possession.

At a minimum, the current owner has a case for adverse possession as apparently they have been paying taxes on it. 

*The successful bidder may take possession of the Sheriff's deed within 30 days providing the balance due has been paid.

It will either be thrown out by the court, or, if they don't discover it and give your writ of possession, your tenant can later have it set aside.

We quickly discovered we have the same goals and focus, yet we also possess complementary talents.

She does not want to mess with mortgage payments or anything like that.That part of our family can be ruthless when it comes to someone passing on vs their possessions, so we would be looking to completely remove her name from anything as quickly as possible.Ideas on options? 

If you take possession of the money, you have 60 days to put it into another IRA.