Interest continues to accrue and is added to the total outstanding debt.Death or extended move triggers a "non-curable" breach, also known as a maturity event in RM lingo.

The reason I am contacting you is that often, real estate property must be sold in order to pay property taxes, any outstanding liabilities, credit card balances, funeral costs etc., and of course, to distribute the proceeds to the heirs.

OUTSTANDING!  

One of the biggest things you should keep in mind is that a lot of times, the properties that are sold go right back to the lender for the mortgage balances outstanding plus a dollar.

I had several while doing apartments come back later as they could not buy a car or a house until they took care of the outstanding judgment against them.

Well my mortgage broker called and said the lender would not close because these outstanding collections caused our credit score to fall into the mid 600's.

Thanks for the replies.I am actively looking for fixer-upper houses, browsing the "raw data" from the local MLS board every week, but I'm not finding any standout, amazing deals.About two years ago I tried doing the whole foreclosure/preforeclosure thing, going through the "Legal News" paper, looking up outstanding mortgages on properties, and contacting the owners who were in a purchasable situation.

We're interested in Atlanta GA and Dallas TX and building ourselves an outstanding team ready to go above and beyond.

Hi Michael,Gary's meet up is outstanding - I try and go every month.

I've also owned a fleet of 15 Pedicabs in Downtown Austin for a while and several other small businesses , barbacoa sales, car washes etc....