If they have done things like this before there may be outstanding judgements and warrants so there may be people very interested in knowing where these people are right now. 

Photographer was outstanding.

As I understand it, at any moment, the outstanding loan principle is deducted from my investments (I assume proportionally across all funds), so if I borrow $20k, that is no longer earning in my portfolio.

So the payment would most likely be 1% of your outstanding balance until paid off with the refinance. 

One has a $60/yr fee.These are floating rate, so there is some risk to them, and they are interest only for the term, with an amortizing function for any balance outstanding at end of term. 

When you do a Wrap it implies that title is now in your name even though there is an outstanding mortgage in someone else's name.

It's even worse if you finally got a fleet of vehicles to work on when that letter comes. 

The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.

The outstanding balance is $396,000 that is accruing interest of 9.75% on a daily basis as it is in default.

I know there are liens and outstanding debt that needs to be paid.