-Property was listed as a short sale prior to auction and under contract for 133k by someone else-Bought a property at auction last week (HOA and tax liens) have until Friday to decide if I keep it-Auction said I am responsible for all debts on property-Selling agent said property has 250k mortgage even though its only worth 160-Town doesn't have information on mortgage-only mortgage I could find was started in 2006 (221k) and transferred banks in 2020-Mortgage company says I'm not responsible for outstanding mortgage if there is one but couldn't find specific property I have spoken to a lawyer and they aren't sure what to do, so I'm coming here humbly asking for any ideas or input

If the tenant leaves with an outstanding balance, I can apply their deposit to that and/or take the tenant to court.

The land has no outstanding liens on it.

How much outstanding taxes does he have?

The info is outstanding the networking is key.

Mostly it has been the luck of investing in a market which has experienced outstanding appreciation.  

Good luck at the sheriff sale, confirm the outstanding water bill is included as a seller closing cost on the closing statement and buy an Owners Title Policy.

The subject property is currently listed for sale The existing mortgage is a “restructured mortgage” Transactions in which a portion of the proceeds of the refinance is used to pay off the outstanding balance on an installment land contract regardless of the date the installment land contract was executed.

Thanks, @Russell Brazil.Hi @Ryan Keenan,For your scenario, it'll probably be no reserves for the owner occupied subject property, and 2% of outstanding mortgage balances on the rest. 

And once a note investor buys this note at a very large discount IF he gets paid off early, his return is going to be sky high since the time period he’s receiving the difference between the purchase price and the outstanding principal is compressed.Jimmy Napier was expert at finding ways to entice the property owner to either pay off the note early by refinancing or pay additional payments monthly.