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. 

That's kind of a tricky situation. keep in mind that redemption period starts from the day The deed is actually filed With the county, sometimes it takes 4 to 6 weeks just to get the deed in your possession before you can even file it.Also, in Texas they do have the right to redeem within six months, and if you over improve the property or do extensive  remodeling,  and they come back to redeem the property you could lose big bucks on a lot of the money that you put into the rehab.

Even the billions that Steve Jobs possessed was not enough to cure his cancer.Below is the list, net worth, and age of the best and brightest hedge fund managers"People that strive for hundreds of millions or billions of dollars aren't doing it for the money -- they do it because they're ultra-competitive and want to win, regardless of the money."

(Not thrilled about this)The property was available starting today and they would take possession any day now as the property they were renting is being sold

Once the bank has foreclosed and is fully in possession of the property, they are legally within their right to dispose of the property almost any way they want.