Outstanding! 

The only lender I know of nationwide that can go to the 20 financed was Prospect Mortgage as they used to be a huge promoter of the home path program.

I have a completely different strategy when investing in mortgage notes and my geographical focus is nationwide.

The house went to auction and I couldn't be sure what the starting (or winning) bid prices were, but in my experience they generally start loan auction price at the outstanding balance on the mortgage.

If you are not going to have rent bumps in the primary lease term might as well get the best quality you can with location.I transact nationwide with clients.

If your comparables are off you may not be able to cash out refinance out and may be stuck with the heloc outstanding balance or the 401k loan outstanding balance.2) The likelihood of doing a cash out depends on how you bought the property and if your personal credit income and assets qualify to do a cash out or not.

I speak from experience as I, at one time, wasted major time only to get ridiculous proposals from State Farm, Nationwide and Allstate, as they typically don't understand what we need and don't write these policies themselves and have to look to at a larger underwriter.

But it is fact driven info.Appreciation rates are so strong in Walnut Creek that despite a nationwide downturn in the housing market, Walnut Creek real estate has continued to appreciate in value faster than most communities.

You could go down to the tax office and get one of the clerks to show you how to research titles and liens...pick a property off this month's foreclosure auction and go down and ask rhe county clerk desk person how to check to see if that property has any outstanding liens.  

Mark Forest The appraised or market value of the property needs to be greater than the outstanding dept ranked ahead of the junior lien (primary mortgage and any second mortgage) on the property.