If the title is clearly in your seller's name, the bank should give you the info you need, which is the payoff balance on the mortgage.

Create an Input Sheet of questions to ask sellers - work from this when making calls -There three (3) important things you need to learn from the sellers --About the existing FINANCING - how many loans - the amount of liens if any - the terms (balloon payments, interest rate and status and balances (current - payments due - foreclosures or tax sale pending)Next about the SELLER - why selling - where moving to - how fast do you want to settle - what are they going to do with all that cash - GET PERSONAL talk about yourself a little, but get them to talk about their job - their hobby - their workNext the PROPERTY - does it need any work, are there any violations - what are properties selling for in the area - how much would it take to fix or renovate the property - is it vacant?

  - $156k @ 4% interest, amortized over 20yrs with a 5 year balloon- They receive a payment of $945.33 for 60 months (total of $56,700)- When I refi after the 5 years (unless they want to continue), they receive the remaining principal balance of $99,300Is this a win-win for both sides? 

Ask how much the remaining balance is on their mortgage if there is one or any other liens against the property.

These are all things that have to weighed in balance with other factors when considering REI in that state.

I tend to agree. if damages are less than attorney fee's I personally would opt for returning the balance of the security deposit, unless she is suing for like 3 times the amount or other damages.

I'm still trying to figure out how to balance this job, and networking. 

Flip2freedom episode 77http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/ - LISTEN TO THIS TODAY!

I get a report each week from management that shows occupancy, days vacant for all vacant units, move-ins/outs, leases signed and approved, lease renewals, expiring leases, weekly forecasted occupancy for at least six weeks out, reasons for moving out, sources of new tenants, delinquency aging along with collection notes, open payables, cash balances in all accounts, plus a status report on units upgraded and any major issues/projects.

You can also take the smallest mortgage balances and consolidate them into your property that has the most equity to free up a few slots.