Hi all. I heard of a tool that can tell you what mortgage is remaining on homes. I think this is a great tool when it comes to negotiating price especially right now. Does anyone know of such a tool or app that can detail what is any loan is remaining?
I doubt it exists. That is likely private info. In theory you could estimate it by looking at county info, knowing when they purchased and for what price then build out a amortization schedule. It will most likely be a manual process, but I can think of any other way.
@Dannielle VonDerLinden Perhaps you're referring to Property Radar: https://www.propertyradar.com/what-we-do/property-information
You'll never know "exactly" what's owed without calling the lender, but Property Radar uses publicly available information (i.e. deeds of trust) and computer models to estimate the loan balance and equity in a property.
Thank you will check it out.