Some certificate holders just hope to collect the minuscule interest rates (minimum 5% total regardless of how many years), or some may have realized the property isn't worth the total of their certificate, plus all the other outstanding certificates which they would have to pay off to send to auction.  

Outstanding!

Property info: #1 main residence, current value $1m, outstanding mortgage $400k#2 current value $600kSo, ideally I'd like to have one mortgage for $1m, to cover both properties - as that would mean only one mortgage, only one enquiry = increased probability for approval. 

Evicting them won't be cheap, but that might save some money.Also, please remember to get a judgment against them for the outstanding balance.

However, accept no application and make no commitments while there is rent outstanding.

The other financed properties reserves amount must be determined by applying a specific percentage to the aggregate of the outstanding unpaid principal balance (UPB) for mortgages and HELOCs on these other financed properties.

@John Smyth, depends on a lot of factors, but shouldn't be longer than a few days, unless there are outstanding circumstances.

Outstanding liens should always be recorded.

Did you collect any outstanding security deposit from the previous owner?

There is a local primary school (West Hill Primary) and a secondary school in Ottery (Kings School) with both schools rated as "outstanding" by Ofstead.