A second lien that forecloses takes the legal rights of possession from whoever owns the property but the second lienholder's position is still subject to the first lien.

But if the property is local then might as well just drive out and see it even before making an offer.3) Then at the closing date in the contract that is the date that you take possession of the property.

If we do further screening, then we mail them a key AFTER we get the full $$ squared away (never give possession until the money is completed for any reason).

essentially, you've bought the property, but with the wording "buyers nominee" or some variation in there - you then go out and find an actual buyer who will take possession of the property.

Everything has to clear PRIOR to them taking possession of the house, however.

21.In the event any action, suit or preceding is instituted to enforce any provision contained herein, or to recover possession of the premises, or to cause payment of any sums due hereunder, Tenant(s) agrees to pay all costs, expenses, collection and attorney's fee, as additional rent, either expected or incurred by Owner/Manager to the extent permitted by the Washington Residential Landlord –Tenant act.

The second lien holder takes possession of the property subject to the first lien.

There are two issues here, eviction by an owner for possession, the other is a claim for past rents, the economic claim can be assigned, but not the issue of possession if ownership changes, IMO. :)

The owner can make a demand for repairs, if not made, the landlord can terminate the lease taking it to a default rent per day past a date for possession or, fix the item and make that part of the rents next due and if unpaid the tenant is in default of paying the rents due.

With the federal government in possession of the largest account for bitcoins I am certain that the value is not going to go down.