Troy, you can only have one VA loan outstanding at a time.

You really would seem to get a bigger bang for your buck as long as the P/M steps up and does an outstanding job.

The tax claim department can tell you about the outstanding property taxes, the recorder of deeds office will be able to tell you about any mortgages.

My FICO is about 730 right now, with about 30K of outstanding student loan debt, I shouldn't have a problem getting approved for the mortgage.

3) Do you know for sure the property is Free and Clear, no outstanding code violations, no outstanding liens or open permit issues, etc.?

Outstanding advice @Andy Luick !  

The closing agent called me 2 weeks before closing and told me there was a superior lien outstanding for $200k from 5 years prior.

Come to find out the outstanding water bill was nearly $4,000!!! 

Similar houses (same builder and same year built and similar floor plan and square footage and even same community - one house is adjoining) are for sale at around 200K.And here's my question:- The initial loan in 2006 when the house was purchased was for around 205K and the outstanding balance now is around 200K.

The lien that was placed on property B could have been (1) of (2) options; an unpaid invoice from the lender (not the actual mortgage) for outstanding costs incurred by the default.