Many people do not know these government loans can stay with the students forever and not be discharged through bankruptcy.If you ask economists what is the biggest real threat they will say outstanding student loans.

Thus, partner the reinstatement of the property if the numbers look right, or purchase subject to the outstanding mortgage.  

(I also had it stated in the lease agreement that they are responsible for the water bill, and that all payments were to be sent to me at my office) I also stipulated in the Lease Agreement that any money received in my office would be applied first to any outstanding bills, e.g., covering the water bill if it was still outstanding, and then rent would be late if they just happened to send in rent and not the water bill with the rent.  

It's your job to know the condition of title and have knowledge of outstanding liens.  

As a landlord, I would rather you be foreclosed on than have a ton of outstanding credit cards suing you or about to.  

Is there anything outstanding that has to be corrected?

After I identified and completed the lease signing for the fit-tenants, I replied to any outstanding applicants with a thank you note, and wished them the best of luck house hunting.Perhaps I'm wrong here, but by telling all interested applicants that their application was being processed, I didn't discriminate against anyone, and when I informed any applicants with outstanding applications that the home had been rented, I did not have to address why I had selected my tenants or why they had not been selected as tenants.Best of luck finding your ideal tenants!

Embrace that eagerness and use it to drive you to make outstanding presentations.

Please note that per the multiple loan rules, the amount of the loan must be reduced by the highest outstanding balance of any other 401k participant loan over the prior 12 months (regardless of whether such other loan is currently outstanding).Monthly or Quarterly Payments: The loan must be paid back in equal monthly or quarterly payments of principal and interest.Interest Rate: The interest rate is equal to prime plus 1% (or CD rate plus 2%) and is a fixed rate that is set at the time that the loan is taken.Term of the Loan: Five-year term unless the proceeds of the loan are used to purchase a primary residence in which case the term of the loan may be up to 30 years.First Payment:For monthly payments, the first payment that would otherwise be due is delayed until January 2021 (e.g. if the first monthly payment would have been due on May 15, 2020, it will be due on January 15, 2021).For quarterly payments, the first payment that would otherwise be due is delayed until the first quarter of 2021 (e.g. if the first quarterly payment would have been due on May 15, 2020, it will be due on February 15, 2021).EXISTING LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.If you meet the above conditions:You may delay making any 401k loan payments due between 3/27/2020 and 12/31/2020.You must commence making loan payments in January 2021 (or the first quarter of 2021 if your loan payments are due on a quarterly basis).If you elect to delay making such loan payments, the term of your loan will be appropriately extended.

I will agree that outstanding judgements and other debts must be approved before you can get a mortgage so paying them is a positive thing.