B/c there are other ways to make proceeds from the property / leverage it as a long-term play where you can get tremendous upside on the back end vs taking possession now. 4.

Hopefully I am dodging a bullet on this one.Our neighborhood owners group is also petitioning the DOB and Elected Officials to take possession of and tear down the building.Thanks and I will continue to update.

In Michigan, you would need to serve a Demand for Possession to the tenant.

"For purposes of enforcing the due-on-sale (or due-on-transfer) provision, if any, in the security instrument, theservicer must consider all of the following situations to be a transfer of ownership:- the purchase of a property “subject to” the mortgage loan,- the assumption of the mortgage loan debt by the property purchaser,- any exchange of possession of property under a land sales contract or any other land trust device, and- in cases in which an inter vivos revocable trust is the borrower, any transfer of a beneficial interest in thetrust."

I avoid post-closing possession in my deals, and usually advise my clients against it unless the situation is special. 

please confirm. this is important). the policy indicates that you are free and clear from " encumbrances and liens" that are in existence on or previous to the date that you took possession of the property. therefore, somebody missed it.

When a lease is over, it's typically easier to get possession if things go south than just a full on lease dispute.

They possess the determination and grit necessary to take that walk and ultimately those characteristics are a foundation for the vast majority to transition to productive tax paying members of our society. 

@Mariam Soorosh Philadelphia has strong fundamentals, with certain neighborhoods possessing stronger fundamentals than others.

This insures over the standard exceptions which relate to parties in possession, unrecorded easements, survey matters, unrecorded mechanics’ liens, gap period (period between the effective date and time of commitment to the date and time the deed is recorded) and unpaid taxes, assessments and unredeemed tax sales prior to the year of closing.