Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 17 years ago,

User Stats

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

Loading replies...