I definitely plan to appeal the taxes as soon as I have the possession of it.

She has lovingly filled it with cherished possessions....we truly felt we were staying at the home of a long time friend."

In the end, you foreclosed, and took possession of the property.

If they agree to all the changes you will be golden but now is the time to make the changes.The only way to avoid the issues in the future is to include in your purchase option vacant possession.

A foreclosure is the action of taking possession of a mortgaged property when the borrower doesn't pay.

I know that the most precious asset we all possess is time and I am ready to cash in on that very principle.

Thank you for the input, i’ll definitely consider that once we take possession and meet with the tenants.

While Aaron is correct that if you terminate a MTM tenancy and the tenant refuses to move you still have to go through with an eviction (unlawful detainer) to recover possession of the property, here's the big difference between a MTM tenancy and a tenant on a year-long lease right now...Let's say you have a tenant 6 months into a year long lease who stops paying rent. 

Durham in general is a great location, being near Chapel Hill and Raleigh it also possesses a great Vacation/Air BnB opportunity.

You would work with the lender to "short" what is owed to them on the note, so that you can buy the property for less than what the note actually is.Once the bank actually forecloses on the property and takes possession, it is called an REO (Real Estate Owned).As Tom already shared with you, once it is listed you would put in an offer with the listing agent.