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Answers (9)
- mikel76
- Contributions:1
The reason most people want to find out a Mortgage Balance is for INVESTing purposes. Investors only care about those properties that are becoming available for sale for whatever reason. I think people are tired of paying websites for outdated data selling all the same data as well. ITs ridicuous. My personal experience was that a TAX LIEN investor had me searching on the ??Registry of deeds to tax office locally in SD for properties to see certain informaion in which at he time i had no clue. so I was wondering how he is buying all these TAX LIEN properties and i FIGURE THAT OUT because he had Banks backing him up making all the profits. The very few properties not redeemed he relunctantly purchased cheap like the one i rehabbed for him which he bought for $658. I still have that copy of the deed after the purchase to prove it. but the point is this story is he had me research properties for certain codes and I heard him say he will determine the properties with lower mortgage balances in order to buy those targeted properties.
- Robert Merhaut, "Robert Merhaut"
- Contributions:348
Ask the present owner of the property. He/She should be able to tell you. If for some reason this isn't what you'd want to do, contact a Title Company locally and perhaps they could show you the mortgage history. You may be able to extrapolate the answer from this info, to some degree of accuracy!
- Tyler Simmonds, "AxisRealtyServices"
- Contributions:47
Why wiuld you not just call or mail the current property owner and ask them?
- wetdawgs
- Contributions:26824
While mortgage amounts at the time of taking out the mortgage are public record, the existing balance is not public record (thank goodness).
If a home is for sale, usually it is noted if it is a short sale. If it isn't noted, you can ask if it is a short sale (and that is prudent because short sales can be exasperating)
- Dan Trent, "Mill Creek WA"
- Contributions:59
Mortgages are recorded documents and public record. A good Realtor can help you estimate a homeowners mortgage situation. But there is no way to know the actual loan balance.
- S. Chris Webb, "PHX AZ RE BROKER"
- Contributions:411
I'm not sure about your area, but REALTORs in the Phoenix, AZ area have the ability to look up the last sale, amount down, type of loan, and mortgage amount at the time of the last sale(s). You can't rely on this to see how much has been paid off, or if it has been re-financed, but you can make an educated guess. Check with your REALTOR buyer agent to see if they also have this feature on their local MLS.
- Andy Matejka, "tejks"
- Contributions:352
Tax records may allow you to determine what the last selling price was and that date may give you a hint as to what was the popular mortgage product at the time but that's about all.
- joiechanel
- Contributions:2
I am curious about whether a particular property's selling price may be under water, so I am looking to find out what the seller's mortgage is.
- wetdawgs
- Contributions:26824
The mortgage balance (and other loans) on a property are not public information. Is there a reason you need to know?
How do I find out the existing mortgage on a residential property?
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