Meanwhile, the "flipper" walks away with the balance of what should have been the lender's principal if the original owner had sold at fair market value. oJack is correct that our mortgage and housing meltdown is largely the result of unscrupulous loan originators (aided by supporting appraisals, but that is another discussion!)

I assume it doesn't use original purchase price.For estimating loan balance, I assume they use the original recorded loan information and do a standard 30-year amortization of the principal to estimate the current note balance.

Acceleration is a need part of the entire process since if the borrower is 365 days behind, the only owe the sum of the 12 payments opposed to the entire loan balance.

Which means I had to pay back the balance of my first time home buyers $7500 I received from uncle sam.I have heard of people moving into a new place every year to buy on OO rates and loans.

You are not going to get a borrower's payment history or unpaid principle balance at any snapshot in time so, you aren't going to get the actual true balance.

I also love the use of balance transfers for real estate investments...except in my case it has been for notes.

I put $100,000 on my balance sheet to boot.But, mostly, everything in my portfolio is now fully amortized!  

for some properties you have to balance the energy vs. the look.

In Kansas City, as a quick and easy rule of thumb to follow, stay outside the 435 loop on the missouri side to get a balance of rent/price ratio and tenant quality/headache management.  

This is the part of your mortgage that is paying off your balance.