As such, each one will have a title – just like a car.The last piece of paperwork you’ll need is called an agreement for title and possession.

We reserve the right to refuse payment after expiration of our demand for rent or possession.

And, that's why my recommendation is to acquire as 'vacant possession' because this chaos isn't worth it. 

Focus your efforts on demonic possession, orgiastic Satanic cult rituals, black magic, murder-suicide storylines.

You could buy the property, take possession, and then resell to him.

In this case this is multi million dollar company with tons of oversight , but you still are not comfortable paying for something you don't have in your possession )  I am sure you know what happens next .

The buyer gets possession of the house, but doesn't get a deed.

My  realtor mentioned that it is not the bank's responsibility to give tenant notice to vacate property that once offer is accepted, due diligence period is complete and court stuff in done, during closing and possession, it will be my responsibility to evict the tenant if they do not cooperate and leave as told when i asked for vacant possession in the offer contract.Is this a normal situation during the foreclosure process and dealing with REO properties?

From start to finish, you're typically looking at 30 days to possession (although we've done it faster!).

Renters insurance covers a tenant’s possessions and liability in the event that a visitor is injured on the premises; Landlord’s insurance covers the landlord’s property and liability.