In your example, Bob had legal possession of the house and allowed Charlie in.

I have a good deal on a vacant house here in houston texas to rehab and flip, but the owner told me today that she was in jail for a year for drug possession.

This is probably not practical but perhaps adverse possession.

That felony drug possession was from the other guy in the car, and we didn't kidnap that girl, she hitched!

I'll post an update when I (hopefully) get possession and do a walkthrough!

If you are in continuous possession of the property for 3 years and have burned off all redemption rights, you would then file a suit to quiet title.

Don't worry about the private mortgage insurance company - just make the offer you want - one that will give you a sweet equity profit or cash flow - you are a buyer - you need to satisfy yourself.What I'd want to know is;how long on the marketexisting financinghow many times has the price been reduced and whenwhy hasn't it soldhow much can the seller take back in a note - a second or a non secured notecan you take immediate possessionmake your offer subject to assignmenthow much can the seller give you back at settlementwhat can the sellers add - all the furniture - a home warranty - money back at settlement - a delayed settlement can they financing 100% of the purchaseask for a study period with possession

The dealer strikes a deal with that bank and as soon as he takes possession he sells the car to his known buyer.

So how does the possession of the note and foreclosure sale happen so fast?

. - I possess your same logic - "that people still need places to live.