So, in reality, a small investor will never be able to overcome the aspects of a lender acting prudently accepting that the ability to cover the debt will be ensured.Next, is the collateral issue, is the individual borrower or small entity providing readily marketable assets as collateral sufficient to cover the debt together with all related costs to secure and dispose of same and pay the outstanding balance over the term.

The value allowed by state law meaning the outstanding debt including allowable costs of collection and sale.In a foreclosure the proceeds are first paid to the Trustee and costs of the sale, then to the liens in priority.

The executor needs to make sure that any liabilities they can pay for are paid for (including an outstanding mortgage).

The regs state if the new loan on rental property exceeds the outstanding balance of the old loan the portion of the interest not allocable to proceeds with a rental use are generally not deductible.

In addition to what @Joe Gore said, you need language in your lease stating that money received is first applied to outstanding utilities, fees and last to rent owed.

Based on payer's credit and other criteria I would offer them a percentage of the outstanding balance of the mortgage, (close to the present value of the mortgage balance).

I had just recently applied for a mortgage loan, but had not checked credit score in about 8 mths, however last time I checked score was a 705 on all 3 agencys, after applying I had only checked with experian assumed may be a little better, only to find out my credit score was 635 I have some school loans which I have missed some payments in distant past, have not missed a payment in 4 yrs only owe about 4800 left, 3 seperate loans required to pay 100 mth and I pay 125, and one other outstanding dept it is to a bank, for a previous closed account, which I owe 215$ it was from 09 for a 1$ overdraft which they kept billing me 30$ a day for a week before I was notified needless to say I was extremely upset and closed account, I know stupid I should of taken care of it and will as soon as posable.

Outstanding balances all in the $130K range w/ past due balances in the $70K range.

They also provided outstanding legal counsel here in Atlanta for our consultations that were included.

Thanks for the tips @Brandon Turner I have to say the technology use in this site is outstanding.