They are pursuing a minimalistic life style and value possessions less, experiences more.

When did you take possession of the property?  

This is what I call the "The law of concentration"One of the key skills you need possess as an investor is to know when an asset is cheap or overvalued rather it be in real estate or stocks and know where we are in the macro economic cycle.

Maybe the possession of financial freedom is not the life for you!  

Got the possession of the property!

For instance in Ohio, if you sell on land contract, the redemption or repossession is simple if the vendee has less than 20% equity in the property and has had possession less than five years, you can evict in landlord tenant court versus foreclose.So it depends on the state when selling on terms as to repossessing.

Of course, we don't just evict people for no reason, but it's much harder to gather witnesses and present proof than to simply request possession of the property back.

Most states allow you to take possession of the property if it has been abandoned to secure and safeguard it against any potential damage.  

I would guess the mortgagee uses up more slack on the rope once he finds you in possession of the property anyway.  

This also goes to the protection of property owner's rights, why the seller of real property is different than someone selling their car or a some other possession.