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Updated over 17 years ago on . Most recent reply

User Stats

10
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0
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Barry Craig
  • Real Estate Investor
  • Odenville, AL
0
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10
Posts

How to find mortgage balance on repo

Barry Craig
  • Real Estate Investor
  • Odenville, AL
Posted

Please help the new guy!
I found an REO that a quick talk with neighbor revealed interesting stuff. A murder took place there. House has been empty awhile(10 months) it is a little run down. Would take about 1400.00 to make it rentable. All houses in the area rent at 95% occupancy. (Good area
Question? How do I find out what the mortgage balance was when the house was foreclosed. I am scheduled to see the repo officer at the bank (friend of a friend) but i need to find out what the bank has in it to run the ROI and cost numbers. Is there a website or something?
By the way, I have been reading my brains out on every real estate investment book I can get my hands on!
I am building a network of needed people.
I have a :
Real estate attorney
Mortgage lender
General contractor
Property manager
Three real estate brokers
These are all friends or family. Any suggestions?

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