Our property taxes come out quarterly and when we close on a property the buyer refunds to the seller the taxes paid for the balance of the year.The lawyers normally calculate it for us, but I like to know in advance what these costs would be, as it would make preparing for a closing alot easier.Thank you

Along with a down payment, I am going to want that amount to go toward reducing the balance of the purchase price.

So from this auction list the 2nd lien is the foreclosing entity, and their balance is 6187.99.

So, purchase at discount, force appreciation through rehab, place tenant, appraise, cash out based on equity vs. loan balance.

My current balance on the first is 79,500 Current estimated market value is 85-90kI know I need a better LTV to refi, I figured I could pull a small personal loan perhaps and improve my LTV-- anything to get out of this 9.75 % IR because it's killing me.

Companies like ours and Listsource build computer models to estimate current loan balances and equity across large number of properties.

(Interest rate, monthly mortgage balance, is not included on the note, and if there was a second mortgage)If I were to wholesale the property, I want to make sure to convey to an end investor buyer that I am positive this is the current mortgage balance/debts to not waste their time.

@Joel Owens @David Faulkner Thanks guys, I'm definitely going into this being cautious, I'm just trying to balance being cautious with being timid.

I'll be paying off their remaining mortgage balances by way of my down payment, two of which are as high as 27%.

And there are "hardest hit" programs in about 21 states where distressed borrowers go to apply for either reduction of their principal balance or monthly assistance paying their mortgage.