Tools/resources to find current mortgage owed

[Michael Poloncic]

Hey BP community! Are there resources available to the general public to find out if a seller has a current mortgage payment and how much remains in the principle? If so, what tools are there? If not are there other approaches to finding out without straight up asking the seller?

Thank you!

[Chris Seveney]

@Michael Poloncic

Ownership is public record including their mortgage/deed of trust

What is not public record is the remaining balance on the loan. The mortgage/DOT states amount and term and in most instances does not state the interest rate.

You can come up with a “guesstimate” of what is owed but only way to find exact number is from the owner or pulling their credit report whixh you need permission to do.