Profile picture for mbabe

How does one find the mortgage history/outstanding balance for a prospective home?

Listing agent does NOT want to provide me with this information, Where can I find it?
  • August 05 2009 - East Forest Park
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Answers (18)

Profile picture for andymark201010
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  • November 04 2014
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There is no way to find out what the current balance is on a home that is presently for sale - or any home for that matter.  HOWEVER, if a home is in pre-foreclosure or foreclosure, those documents are a matter of public record.  Additionally, the total dollar borrowed on a home and whether it has been paid in FULL are also a matter of public record at every registry of deeds for the county.  But that will not tell you how much they currently owe.   Regardless, assuming that the seller has a qualified agent representing them, the asking price for the house will be fair market value and how much the seller owes will not be your concern, regardless.
  • March 21 2014
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Profile picture for nickbao
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  • January 14 2014
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You should not worry about that, as price of home is going to be the best for today value in market.
But you can find out by township.or at title company if they can give you.
as it is private information for seller.
  • February 05 2013
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Profile picture for nickbao
I have been using  [deleted by Zillow moderator.] to find out mortgage history and current outstanding debt of a home. All you need to search is the home address. If the record is available, you can download a report for a small fee.
  • February 05 2013
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Profile picture for Blue Nile
Don't trust an agent to do the job of a Title Company.  The agent's don't trust themselves to do this, nor are they licenced to do it.  They will refer to a Title Company.  And with all the bogus cold calls we receive from lenders and agents stating 15 year obsolete information, the lists that they buy and subscribe to with this information is obviously out of date or they just don't know how to read it.

Of course the information is easy to get if you are authorized.  All lien holder names should be in the county records for the property, and it is easy to make a phone call to a lender.  But you will need a way to get through the privacy protection security.


Tell you what; why don't I just call up your credit card company with your account number and get your outstanding balance and the list of your last 20 purchases?  They have that data and they will give it to selected people under the right circumstances.   Might as well call the IRS and get a copy of your past 7 tax returns too.
  • August 05 2009
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It is sensitive info. Your Agent should be able to find it for you no problem!
  • August 05 2009
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Profile picture for Blue Nile
By the way, if you were taking ownership of a property that had existing liens on it, such as an inheritance, a title company would provide you with the information about the exiisting incumberances.  In an inherritance situation, it makes sence to pay for the title report.  And if you are buying a property, you have to pay for a title report anyway, and likely title insurance.

  • August 05 2009
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Profile picture for Blue Nile
I'm baffled why so many people keep asking this irrelivant question.  Most loans are not "assumable", thus it is EXTREMELY unlikely you would be asked to assume the mortgage.  And if you were and it was not published, then it would probably be fraud and should be reported.

Besides, even if you were asked to assume the mortgage, you simply present an offer with your own financing and forget about their problem, since their problem is not your problem.

You wouldn't pay 3 times what something is worth just because the person you were buying that owed that would you?  Why do you think they have short sales and foreclosures to liquidate properties at market value that are substantually underwater?

So, if you won't pay more than it is worth just because that is what is owed, why would someone sell something for what they owe on it if they still have substantial equity?

The only people that really want to know the information you are asking is preditory lenders that are planning on ripping off the unsuspecting public.
  • August 05 2009
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Profile picture for bagnn
It seems that you do not have a Realtor or anyone managing your side. Correct?
You do write an offer but Subject to accept the terms of the assumption. theat way, you still have an "escape" clouse.
Also, subject to inspection, you have some days to think about it.
The mortgage balance "has nothing to do" with the sales price or purchase price.
current debt could be 50k but property is worth 90k.
  • August 05 2009
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It seems that you do not have a Realtor or anyone managing your side. Correct?
You do write an offer but Subject to accept the terms of the assumption. theat way, you still have an "escape" clouse.
Also, subject to inspection, you have some days to think about it.
The mortgage balance "has nothing to do" with the sales price or purchase price.
current debt could be 50k but property is worth 90k.
  • August 05 2009
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mbabe:

Now that I know it's an assumption then yes you need to know and I don't quite get what the listing agent is doing.  I would be curious to know their reasoning.
  • August 05 2009
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Profile picture for mbabe
I'm not putting in an offer until I know what the seller's mortgage balance is. I'm not putting in an offer "blind." I don't know why listing agent is being resistant given I'm being asked to take over the mortgage! Thanks for the info, have been going through the public recs now - problem is they only give initial mortgage amount, not balance owed
  • August 05 2009
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Profile picture for bagnn
Sorry, you didn't mention you were assuming a mortgage.Yes, you should know about the assumption balance and terms.I believe you will need to submit your financial information to qualify for the assumption.  I have seen some of those on the local MLS and some agents disclose it there. Has you offer been accepted subject to approval on assumption?
  • August 05 2009
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Profile picture for a_azmi
Go to the local county records dept.  The mortgage balance is all public information.  you may need to pay a few bucks for them to print out a copy for you. 
  • August 05 2009
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Profile picture for mbabe
well if I'm being asked to assume the seller's mortgage I need to know the balance not assume it blind!
  • August 05 2009
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Profile picture for bagnn
Why do you need the mortgage history? Does it make any difference if they have been paying on time or have some late payments to buy such house?One way would be to get a permit to access their mortgage account, which will be private information. You could a lot of assumptions:Find out how much did the property was sold for.Assume a 5% down payment (reduce it from the sales price)Assume a 6% interest rate.Plug these details into a mortgage amortization schedule look at the years and that is.But it does not mean that there is not a second mortgage or that the property was refinanced in some years. Why do you need to know the mortgage balance? Does the mortgage balance has something to do with you wanting the property? As a listing agent I will never disclose the balance.
  • August 05 2009
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You are not entitled to it anymore than a seller is entitled to your true financial information. If the county records the mortgage/deed of trust as public information you can make calculations based on the information, but this does not necessarily give a true picture of what is owed, only what was borrowed, when and maybe ther terms.
  • August 05 2009
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