He brought me an outstanding deal.

In the meantime that sweep checking account is allowing all of our normal banking deposits and idle funds to sit on our outstanding balance, saving us a ton in interest cost.

However, because it would be tied into the outstanding principal balance you already have  this could be misleading. ($150,000 + cash out) You might be paying lower interest, on a bigger number.

Even if your lien is wiped out, have you considered whether the outstanding debt will cause any issues in getting title insurance especially if your client is depending on a mortgage?

You need to get the financials from the HOA board and look to see how much $$ is in reserves, what the budget is for the year AND definitely make sure there are no outstanding or upcoming assessments. 

Send a summary with the partial return or outstanding balance that needs to be paid.

The HUD loan was taken in 2016 and then immediately applied to the outstanding balance of the primary mortgage.

@Diego Arbelaez I’m going to guess the property is worth less than the outstanding tax bills…..otherwise one of the Tax Certificate holders would have sent it to a Tax Deed auction by now.  

There is a shortage of inventory nation-wide at the moment.

@Ronald Allen Barney I saw in a recent news story that rents are up 15% nationwide since the start of the pandemic.