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Updated over 8 years ago,

User Stats

3
Posts
0
Votes
Rashida Furniturewalla
  • Real Estate Broker
  • East Brunswick, NJ
0
Votes |
3
Posts

Is there an easier way to find out the payoff amount at auction

Rashida Furniturewalla
  • Real Estate Broker
  • East Brunswick, NJ
Posted

There is a list of close to 900 properties going to a sheriff's sale within 3 months. The loan amounts are mentioned in the discription on their website but they go for a lot less. One property sold for $36,000 when the outstanding loan amount showed up as $138,000. Would a title search reveal how much is the payoff amount the bank is looking for? What is a better way to weed through this exhaustive list? I use a title company to find out if there are any outstanding liens on the property but I got to give them 2 or 3 properties ...even I get tired after the first 5 pages.

Just to let you know I am a real estate broker who also loves to fix and flip.

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