Outstanding! 

Compound interest can be thought of as 'interest on interest'".If you look at an amortization schedule you will see that the interest portion of the mortgage payment is the calculated on the outstanding principal for that period of time.Please clarify what you mean when you state that a mortgage is a compound loan and not a simple interest loan.

Is there a rough percentage of the outstanding balance that the banks will accept.  

They should be able to look up the address and advise you of any outstanding violations.

Outstanding Thread,4rmgt, I found this looking through your website...go figure.

Too many outstanding high balances can affect your credit score.

@Brian Hellenbrand congratsinsurancestart determining paint colorsdrapes / blindscheck your local code department for any outstanding issuescondition of mailboxwater companyheat / electric companymake sure you have a good attorney on your staffdetermine trash days for this propertystart preparing your rent advertisement adsetc

As soon as you make that 1st January principle payment, the outstanding principle balance is less, and all of the following interest paymenst are over paying.

They total about 5k.The seller will net only $1,000 at settlement, so he will have insufficient proceeds to pay the outstanding judgments for the old owners.  

The information here is truly outstanding (and often entertaining)!