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Mohamad Bachir El Ghandour
  • Rockville, MD
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Loan amount owed in a property.

Mohamad Bachir El Ghandour
  • Rockville, MD
Posted

Hello everyone.

My I'm trying to find out if there is any app or website service that can give me the amount owed in a property. Please let me know if you guys know about one and which.

Thanks

-Mohamad

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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

That information is not readily available.  The only way to get a truly accurate number is to get the outstanding balance from the lender, which usually requires cooperation from the owner.  You may be able to estimate it from public records, if you're in an area where mortgages or deeds of trust show the loan amount and terms.  But even that is just a guess because the borrower may have made extra payments or may be behind.

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