Out leases here normally state that any money they pay goes first outstanding fees or charges and then to rent; therefore, when they don’t give extra to cover the Late Fee it means they are not paying the full rent.

Check the records first for any and all outstanding liens against the property such as IRS, or any other special assessment liens that don't go away if you have the property quit claimed to you. 

Then, once I decided that I needed to do a short-sale because this act is TOO good and I don't want to miss out on it, they put me in touch with a certified real estate agent that was OUTSTANDING.

We are not looking for a residence; ours is outstanding. so the LOC was opened solely for this one home unfortuntaely.

Hey Adam welcome to BP, it's an outstanding resource.

But the present value of this note is, at most, the current outstanding balance on the loan. 

Browne I've built my own financial model that I help other investors with and I can do a quick analysis on this deal if you could provide the following expensese: insurance, taxes and if there are any outstanding capex items that need to be addressed.

You want a Warranty Deed.The first thing I would do is order a title report to see who is actually on title, what outstanding loans and liens and fines and taxes might be owed.

Pay off the outstanding $5000 in taxes so the property can go to auction2.

Outstanding."