Our lease agreement clearly states that funds paid by the tenant will be applied to outstanding non-compliance fees FIRST, and then whatever is left will be applied to unpaid rent.So, for example, let's say rent is $1000 (due on the 25th) and our late fee is $10/day until paid.

Since your place is going vacant, I'd just tell them it isn't working out for you, once the place goes vacant you would like to settle up all outstanding payments and go in separate directions.

In Saint Joseph the rentals do not performwell in the winter but outstanding in summerso you likely will want to go with a winter long term rental strategy and summer vacation rental.

It is still a good idea to call the county to confirm the property taxes have been paid and there aren't any outstanding.

2nd liens usually get up to 10% of their outstanding balance in a short sale situation.

I have personally found the program at www.GetTheDeed.com to be outstanding.

Any money above their outstanding lien will go to the next (junior) lien holder.

I try to go back and look at these outstanding houses quarterly, but as I said in my article it is more like 3 times a year that it actually gets done.

For example; if you are over/under on a property and your LLC goes 'bankrupt' the bank will still come after you personally for any outstanding debts associated with the LLC (because you have to sign as a guarantor on the mortgages that are in the LLC name).An LLC is only there for liability claims... banks will still get their money from you even if the property and note are in the LLCs name.

If a lender has a warranty deed vendors lien listed on the tax assessors site and it is being auctioned as a bank owned property, would the winning bidder be responsible for the outstanding vendor lien?