Is there a way to find out how much is still owed on a mortgage for a home we are looking at?

Profile picture for greydog123
We are looking to purchase a home that is in bankruptcy and we'd like to know how much is still owed on the mortgage.
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July 06 2010 - Madison
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Answers (4)

Most Realtor can find out ...  Ask you agent or call me
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December 06 2010
Profile picture for natewolf
Ask the owners. That's the only way. You can find out how much the original amount of the loans were if they were recorded, but unless you ask the owner there is no way to know.
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July 06 2010
Profile picture for Mills Realty
If the home is in BK then the property is most likely is some stage of foreclsoure.  Have your Realtor check the property profile with their title rep and you should be able to get an accurate amount of what is owned on the loan.

Simon Mills
Mills Realty
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July 06 2010
Profile picture for FindAndreaScott
Hi!  Your trusted local realtor is your best bet.  (S)he has access to the tax records which will show what was owed when it was last sold or refinanced.  This amount can change if the owners paid down the princpal or if the principal went up due to a negative amortization loan.  In that case, he or she may have other sources for the current infromation, such as ForeclosureRadar.com. I would be happy to assist you if the property is in my area - Alameda and Contra Costa counties, Northern California.  I hope that was helpful! 
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July 06 2010
 

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