I believe a better circumstance for the buyer would be to have an option to "buy" another 5 or 7 or 10 years of balloon extension for some enticing payment of principal (say, 5% or 10% of the outstanding principal or of the original purchase price) or, and far less ideal but that may prove to save your client's butt, some hopefully lesser amount of a payment that doesn't get applied to principal but that buys a good extension.

Outstanding!

@Marc Globensky, thank you for your service.Looks like you have a huge vision ahead of you --outstanding! 

If a roofing company is named as part of a foreclosure judgment does that mean that if they have an outstanding balance on the roof on property that will be resolved after the sale?  

However, in most cases, a security deposit can only be utilized by a landlord to cover property damage, unpaid rent, or other outstanding debts, and must otherwise be returned.

This clause basically says that if the title to the property were to be transferred after the sale, including to an LLC owned by the original purchaser, the mortgage is "accelerated" and the entire outstanding balance has to be paid off within a short period of time (30-90 days).

Send / deliver the tenants a general letter once you purchase the building introducing your company, contact info and ask if they have any outstanding maintenance issues. 3.

Those that provide a memorable experience OR outstanding location, meaning walking to restaurants or bars. 

I found this deal with the help of two outstanding realtor partners in the Chicago area.

So for example if you have a house under contract for 50k and they don't owe anything on their mortgage but have an outstanding lien of 15k, the 15k lien amount gets deducted from the 50k at the closing table.