The Beneficiary has all of the property rights such as use and possession.

The next level of course is more expensive but will supposedly provide all one needs to actually use the concepts; such as contracts for sandwich lease options, wholesaling, flipping without taking possession, etc.

General Growth has received a debtor-in-possession financing commitment of about $375 million from Pershing Square Capital Management LP as agent.Pershing Square, the hedge fund run by William Ackman, owns about 25 percent of General Growth shares and had been urging the company to file for bankruptcy.

Scott's link, I believe, looks like it does.The Act specifies "any transaction or scheme....that provides any financing arrangement" (I'm pretty sure those are words used, from my readings) so it's not just a seller providing a note and deed of trust as a mortgage, but any sub-2, wrap, contract for deed or lease option when possession is also given, beyond one year.

"But rather than continuously roll the futures contracts, it just became easier and more economically for us to take possession of the bullion," he explained.

Most homes auctioned at the courthouse are bought by the banks that hold the mortgage, they will place a bid for the amount that is owed to them and take possession of the home.

Since people themselves are beginning to be outspoken (especially on constitutional issues), it is this divide and conquer attitude that they both (dems and repubs) must possess so that we do not realize just how much in jepordy the society is due to government officials believing that they are above the constitution, or at least do not have to abide by it because they make the rules (laws).

I am sure he possesses as is. 

The buyer has some form of equitable title which makes it difficult for a seller to regain possession.  

In your possession.