I do have contracts for lease option as well as seller finance, but they are for California. 

I'm perilously close to getting my first lot listing under contract this week...

So you can either do a double close or assign your contract. 

Current property deed has two names (X and Y), however the mortgage note has only one name (X).And as per the title search report, Chain of Title1:When the property was purchased the deed has both X and Y names as joint tenants with the Right of Survivorship.Chain of Title2:Later a quit calm deed was made with Grantor( prior owner)  Y and Grantee (deed owner ) XChain of Title3:Again a bargain and sale deed was made the other way from above Grantor( prior owner) X and Grantee (deed owner ) YCurrent Title (vesting information):And one more time a Deed was made with both names (X and Y) on the deed as joint tenants with the Right of Survivorship.Now, as X is the only mortgage holder from the time of purchase, and bank is foreclosing the mortgage on X, will Y have any legal ownership to the property, if the property gets sold at sheriff sale.

In NVsell on lease w option, no title exchange, landlord tenant relationshipsell on seller financing1. free and clear house, note plus mortgage or note plus DOT, title transfers, if default need to foreclose2. existing first mortgage, sell on a wrap or installment sales contract, due on sale issue, title transfers, if default need to forecloseHope that helps

I don't think you can evict her before the property is legally yours.

From there, I have my virtual assistant run comps, call the seller back, negotiate the terms, create the contract and send it to the seller for signing.Once we have an executed contract, my VA will schedule the inspection which is usually myself or my Sales Manager. we get pics and an repair estimate and we're ready to begin marketing.

Is it legal???

My best bet might be to write the contract and assign it to someone.

Is that legally allowed in your state?