so we finally get possession of our duplex we won at auction. legally, the company we went through to get deed said, we cannot talk to anyone or enter the property until the 30 day eviction is up. so this Saturday is the day the we willl go over and get a locksmith to enter.my wife found out from neighbor there is a 20 year long tenant upstairs but the owner lived in lower unit.

Then they realize they bought a property back at auction, wasted a bunch of money on legal fees, just to have possession to an inhabitable home until the bank gets around to foreclosing.

If all goes as it did last year, I will have possession by the end of December.Is it worth it? 

I’m starting this discussion to hopefully have investors share their knowledge and experiences related to taking possession of REO properties that have occupants.  

Also, you must make sure your tenants get renters insurance to cover their possessions.

But it didn't pay, considering the knowledge I needed to possess and the hours I worked.

I'm just now starting to see increasing numbers of stories about how (formerly) middle class people are having to sell important possessions on ebay and craigslist.

After many up and downs from dealing with the title search - assignments not recorded, businesses using DBA names that were not on record, to going before a municipal judge to delay the demolition of the property to actually taking possession, this has been a blast!

I foreclosed on a property and we took possession of all the belongings that were inside.

Thing is, its not that impressive what I have heard coming out of their mouths.That being said, neither of them really possess the inate drive to study on their own and learn this stuff, so in a way they need something like NRU or some other mentorship program to hold their hand and get through the mental parts.