So, they would have their possessions in the house.

Consequently, I look for the property to be vacated before I take possession.

If your offer wasn't accepted then the check would probably be in the possession of the realtor or realtors office.

Making great acquisitions requires time and skill, and some people don't devote the proper amount of time or don't possess the proper skill. 

You don't close unless the seller has moved and left the property vacant of all personal possessions.

Normally you would after the 60th day and you don't have possession, post a notice to them and proceed to eviction.

I'd send that letter prior to settlement, I'd give possession prior to closing in the sale contract (where you can give your down payment as earnest money) and prolong closing as reasonable, like 90 days.

Your contract gives you equitable interest in the property but you don't have physical possession yet.

Ours is to loan to a few handfuls of experienced flippers with enough business for us, who understand what they’re doing, and who possess the integrity to do as they say.

So, you would have a year of missed payments, late fees, and legal payments tacked on.If the property does sell at the foreclosure sale for more than is owed, including all the extra costs, the previous owner would get the excess.After the sale, the winner of the auction, whether its the foreclosing bank or someone else, will take possession of the house and evict you.