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Outstanding loan balance
I have a pondering question. What are the typical problems and issues that may arrive if by so chance that through a quick title search that there is an outstanding balance? Does that prevent the deal from closing on a wholesale transaction?
I am asking since there are two properties I am pursing that is in the “hot” belair Edison here in Baltimore. I really want to snag these but if it has to come to obtaining the entire block of where both properties are then so be it to avoid problems.