Without getting too deep into the weeds, there are a few ways to do this, including:- write up an assignable lease and an option to buy which the seller signs, then assign the lease and option agreements to a tenant-buyer.

I fund a lot of folks that do this. its just wholesaling dirt .. nothing sinister .. some try to actually buy it others try to tie it up and assign contracts.

I believe this comes from a lack of knowledge about how their businesses should be run.

A great place for investors to share their knowledge and experiences!

Happy to connect and share my knowledge. 

Overall, I think these are solid markets to invest in with many Pros, but Cons as well (of course).Happy to connect and knowledge if you are interested.

But, it's a unique strategy that requires more knowledge than expected.

So as a result of my “asset protection” procedures, the end result was that instead of being sued personally and having to spend the time, money and emotional stress of both defending my self AND suing the insurance companies and condo association, the plaintiffs accepted an ASSIGNMENT of proceeds and signed a form releasing me and my LLC from liability in exchange for the right to go after the insurance companies themselves. 

If it is an REO where the bank has foreclosed already, you will need to got through the assigned realtor who is working with the bank on REO properties.

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