I want to ensure with the bank that if I get the account current that they will stop the proceedings and stop the accruing of penalties.

My lender told me the interest "accrues daily", and that the payment each month is based on this. 

Just out of curiosity, were you ever able to make that duplex in Arlington work?

My passion for entrepreneurship and curiosity for real estate will eventually lead me back home to the Carolinas after school.  

If you buy the note .. then you prosecute the foreclosure you can credit bid note value and all accrued interest etc.. and maybe the opening bid is higher than anyone will bid.. but you can also bid if there is competitive bidding and your credit bid is already in.. so just brings some cashiers checks with you up to what you will pay.OR buy the note and then release the debtor buy doing a deed in Lui.. you would take title with the buggered up issues but if its long term hold who cares right ??

No way, but I do my very best to rent to good people.Thomas, what kinds of neighborhoods do you focus on, out of curiosity?

Just out of curiosity, what gave the impression that I am poor, I want to get rich quick, and the funds I am using are emergency funds?

It might satisfy your curiosity, but it's not likely to influence negotiations- at least I would not recommend you use that number for anything.

I guess I need to pull the loan documents if only to satisfy my own curiosity.

Out of curiosity are you still in Pittsburgh?