How to Find First Lien payoff amount when you buy second lien

[Edward Adams]

i recently bought a HOA foreclosure house at auction that had first mortgage lien on it. i did some calculation to figure out the first lien balance but at the end i was so wrong, the amount was twice. is there a way to find the first lien payoff amount before you purchase a second lien?

[Chad U.]

Quote from @Edward Adams:

i recently bought a HOA foreclosure house at auction that had first mortgage lien on it. i did some calculation to figure out the first lien balance but at the end i was so wrong, the amount was twice. is there a way to find the first lien payoff amount before you purchase a second lien?

Unfortunately no there isn't, as there are too many variables such as:. Date of last paid affects interest accumulation, escrow advances (taxes, insurance), preservation costs, legal, title and court costs.  Estimating these is a total crapshoot.