Delinquent real estate taxes (taxes past due by more than 60 days) can also be included in the new loan amount, but if they are, an escrow account must be established, subject to applicable law or regulation; paying off any outstanding subordinate mortgage liens of any age;taking equity out of the subject property that may be used for any purpose;financing a short-term refinance mortgage loan that combines a first mortgage and a non-purchase-money subordinate mortgage into a new first mortgage or a refinance of the short-term refinance loan within six months.

1965 GTO later model 428 with turbo 400 auto.1980 Mark VI Continental 70k1982 Ford E-150 Van work truck 188k2000 Mazda Miata 70k miles2011 Toyota Camry 19k bought new-highway travelerGF 2009 Subaru Legacy 56kInsurance and umbrella up there.

The second applicant is outstanding, and started moving in last Saturday.  

I believe that, if the scenario plays out as you indicate (3rd party wins auction) then, yes...they would have the property free and clear of any liens other than back taxes or any outstanding Federal liens.Don't hold me to any of this.

They also, have outstanding liens against the property, and want to see Mr.

I'm with @Marvin McTaw and personally think his lease option as an exit strategy is an outstanding idea!  

There is metra access to this town and easy access to major highways. 4.

3) Will the death and transfer of ownership trigger any default clauses in any loans that may be outstanding?

Being that you are in South Arlington spend some time driving pockets in zips 76016, 76017 (there are some good duplex pockets right off of highway 287 on the right side before you get to Little Road.

The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).4) The loan must be paid back in equal payments so making pre-payments won't lower the monthly payment but will shorten the term.