Understand: in our litigious society you can not only lose your properties you can lose your personal possessions including your home, banks accounts, vehicles, etc.Insurance only covers so much.

My attorney states if this doesn't work, then we'll just have to an adverse possession. 

Right of possession or access if occupied immediately7.

I had one unit empty at possession that the property management had listed at $625.

Brother in law to sellerSolution: Get written release of interest in propertyGrandchildren (minors) to sellerSolution: Get their guardian to release their interest in property Current occupants Ensure they cannot begin adverse possession claimIf so, put them on notice Leave as-is until clear title and sign lease/evict upon conveyance of title to me.File a memorandum of contract to stake my claim on title@Ralph R.

According to the contract, you get a QCD for whatever interest the seller possesses - which may be nothing at all. 

We are midway in the eviction process to take possession of the property. 

It might be collateral IF you would be willing to physically deliver into a bonded escrow(aka give up possession), but imo, to use as a down payment you would need to convert to cash and deliver it to the escrow agent.

Due to this counter suit, the lawyer recommended settling for possession.

Saw another little gem, $19K asking on a gorgeous lot - roof had fallen in with all possessions inside.