Furthermore, to be a good at wholesaling requires a level of knowledge (evaluating properties, estimating repairs, negotiations, etc.) and experience most folks new to real estate do not possess.  

The attorney realizes the Deed of Trust error and creates and records in the public records the new Deed of Trust WITHOUT THE SELLER HAVING IN POSSESSION THE ORIGINAL PROMISSORY NOTE.In Colorado, the loan position is determined by the recording date and time.

If the buyer defaults, you have to either get them to do a deed in lieu of foreclosure and give you the house or you will have to foreclose to get possession.

There should be a provision in your lease about "Abandonment" giving you the right to gain possession if its vacated without notice.

When you send the original promissory note in for recording, you no longer have possession of the note either.

Some of them seem to be occupied.So my question is this, if I buy the property from the county at this auction, do I have to go through the legal notification and title process before I take possession?

How do you like that theory of resolution, issues of borrower agreeing and making them feels safe while you briefly take possession back to cure aside.

The current renters leave 1 Oct and my wife and I are interested in taking possession of the house, barring any glaring issues after an inspection.

Need to find out if they are seperated or divorced, if any on them signed their name off the deed at one point, or one possessed a Power of Attorney over them at any time and that is why only one came up.

I want to protect myself for obvious reasons should a marriage ever come to that, but how does that work and how could I be sure that a house I buy would be 100% my possession?