As of January 2011, the mall's outstanding mortgage remains at approximately $125 million.
A few years later the son sold the home, which had no outstanding mortgage, for $93,500.
The outstanding mortgages on the three homes total more than $500,000.
When the bank took title there was a $207,000 outstanding mortgage.
In addition, he said, the lawyer must also make sure that any outstanding mortgages the seller has on the property are paid off.
More than a third of its $13 billion in outstanding mortgages are in trouble.
It can also include the value of any outstanding mortgage that the buyer takes over.
The equity amounts to £100,000 and there is an outstanding mortgage of £400,000.
She doesn't make any cash payment for this share, but there is an outstanding mortgage on the property.
But that isn't always easy, and in some cases the selling price may not cover the outstanding mortgage.