I also have BofA - 3 or 4 buyouts after they bought my initial bank, we still have  Fleet and Summit checks (and they work just fine).   

So it is very possible these properties have outstanding mortgages and I need to do my homework on the title search

Another example from the same auction where the certificate holder didn't come out as well is this onehttp://www.pinellasclerk.org/tributeweb/ShowPDF.as...The certificate holder had the 2010 certificate with 2008-2014 all outstanding.  

As long as the relocation meets the two requirements above.Increase in Family Size - A borrower may be eligible for another house with an FHA-insured mortgage if the borrower provides satisfactory evidence thatThe has had in increase in legal dependents and the property now fails to meet the family’s needs; andThe loan-to-value (LTV) ratio on the current principal residence is equal to or less than 75% or is paid down to that amount, determined by comparing the outstanding mortgage balance to a current residential appraisal.Vacating a jointly-owned Property - A borrower may be eligible for another FHA-insured mortgage if the borrower is vacating (with no intent to return such as divorce, legal separation, etc...) the principal residence which will remain occupied by the existing co-borrower.

That sounds outstanding Chris!!

* Current outstanding loan amount?

Renee, your lease should state that payments are applied first to outstanding late fees and repair invoices. 

Outstanding,  make offers, learn and build your cash buyers list.

Your increase in outstanding debt and the type of loans you have in place will affect your score as well. 

(you decide this figure...I usually ask for 4x) times the stated rent and show no negative credit reports and co-signer must be US Citizen or legal resident.Will you deny rental if any of these are on the applicants credit/rental history:---past due rent or an outstanding balance ---prior/current landlord gives a negative reference or refuses to give a reference ---Three (3) or more 72-hour notices within a period of one year ---Three (3) or more NSF checks within a period of one year.