-Asking price is $399K-Appraised value $380K-$400K-Balance owed $100K

(i) Balance Sheet;(ii) Modified cash basis Profit and Loss Variance Report; (iii) General Ledger Detail Report;(iv) Property Status Report, Unit Status Report, and Delinquency/Prepaid Report;(v) A listing of accounts payable, if applicable;(vi) A report in letter form, commenting on important operational features which are not apparent from the financial reports, forecasts of changes in operations or physical conditions and significant variances from the approved Budget;(c) Annual Report including a Profit and Loss Statement showing the results of operations for that year and a Balance Sheet of the Development as of the end of that year.

So I balanced it out.

We balance each other out that way :)

I know subject to would be an option if the balance is reasonable and the cost to bring current is reasonable.  

My goal is to update this every month when I update my personal balance sheet**So today is my 38th birthday.

I am having a brain fart today so I'm consulting the oracle.If have a 12 mo loan, and they bury the interest in the loan balance, what do you call that?

If the mortgage position you are bidding on us conformed to be junior to a HELOC, you can only estimate the loan balance (unless you have authorization from borrow to obtain actual beneficiary loan statement). 

I have found that most things in business come down to a mathematical equation, and a balancing act between being careful and being courageous. 

Set up your account in any number of ways, choose how you want to be billed (per transaction, quarterly based on total balance, etc).