Rental Property Investor 路 Raleigh, NC 路 Member since 2018 路 14 posts 路 3 votes
Hey guys, I found an extremely motivated seller who wants to move fast. I just realized I missed a crucial step in this process. How do I confirm the mortgage that is still owed on the property?
Additional question, does anyone know how I convert or who I speak to about creating a DocuSign for a contract that I already have for closings?
Hey guys, I found an extremely motivated seller who wants to move fast. I just realized I missed a crucial step in this process. How do I confirm the mortgage that is still owed on the property?
Additional question, does anyone know how I convert or who I speak to about creating a DocuSign for a contract that I already have for closings?
Thanks in advance!!
Get a copy of the seller's mortgage statement. They normally have the amount still owing along with the monthly payment amount. Your title & escrow company will probably have DocuSign.
@Parmer Cherry you can really only do it with the statement or account info. Without that, you could estimate what the remaining time would be based on the original starting amount (public record) and then just do a 30 year amortization with the approximate interest rate at that time