How to figure out how much is owed and does it matter?I'm looking at a home that I like.. that I believe is overpriced so much so we are planning to offer 75% of the list price, however from public information I found out:Purchased 09/2003 and the mortgage amount was: $125, 507 down was 3.5% so they paid roughly 130K)BUT.. then there are all these subsequent mortgages I assume are refinances maybe? Same owners...03/05: $47,49508/07: $199,59901/08 $202,15201/09 $205,184They are asking 214,500 we want to offer 160,000 but are worried they may actually owe more than that. What do all these other mortgages mean? Do they matter? Or can we say.. you paid 130K in 2003 the market in our area has actually gotten worse not better so 160K is a good offer.January 20 2011 - Kenai0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.