Sure, if I ended my business with the property manager and had no outstanding balances, I would get that money back.

If you don't have an idea of the outstanding mtg balance, and junior liens, you're just spinning your wheels pre auction. 

It certainly adds to the amount of loans outstanding, but it also adds to your income.    

 ,...and yes, the closer to the auction they get, the less likely they are willing make a deal...especially if the property looks like it could auction for more than the outstanding debt.Joe VilleneuveREcapSystemA2REIC

He is a deep pockets guy, so I doubt he would flinch as long as he is getting an outstanding deal on his end.

Great site and it seems like an outstanding resource for Real Estate and more!

However, in this scenario we are each liable for the outstanding mortgage from the bank and as such, I've bumped against my credit limit with the bank. 

When the tenant moves out, call the utility company again to check if there is a balance outstanding on the account.

  $24,000 +$36,000 = $60,000/ $400,000 = 15%That is an exceptional return and good portfolio management would say to keep it because you are making an outstanding return on your equity. 

Very, very rarely you'll find an HOA foreclosure property with an outstanding lien/mortgage for far less then the property is worth that you can then pay off and still have equity in the property.