It guarantees that there are no outstanding liens or encumbrances on the property, except those disclosed in the deed.

Using your sources, I've determined that there is a tax lien on the property (reason for sheriff sale), but I'm having trouble determining if their is an outstanding mortgage.

Hello BP experts,I am just getting started with my real estate investing and I wanted to know if lenders would allow putting down less than 20-25% down on a rental single family home, knowing the following- The person has excellent credit (FICO > 780)- No outstanding debt- Has a good salary and a history of stable full-time job. 

The rate of job and population growth there is outstanding. 

Seems like property owner paid way too much (huge mortgage outstanding) and now can't afford taxes or vendors (as there are mechanic liens outstanding).

Make sure you have a rental policy written that specifies what are you looking for in an applicant - i.e. score 650 and above, no outstanding unpaid bills (cable, cell, utilities etc).

Noise would be my only concern while the wells are being drilled and completed, and the quiet fleets that are out now have done a good job eliminating that. 

Sheriff sales are sold as is with all defects and liens attached - they are the worst case scenarios.OP seems to be basing it on the opposite - which may hurt badly.Its possible that the first lien is foreclosing and it will wipe out the secondaries - but you will see in reality - the purchaser has to pay months of hoa and outstanding bills.Reason is that those have not turned into liens and public records yet - and so cannot be wiped off "automatically".My two cents.

The suggested price point they suggested at the time ($160-$260 I believe) for a fully managed process would be outstanding if they could actually deliver it.

Loans are defined as delinquent while the payment outstanding is between 31 to 89 days.When a loan becomes 90 days or greater past due, it is considered "Default".