Does anyone know how to find the mortgage balance left on a property?
Hi @David Morgan -
A real estate agent should have access to see the mortgage history on each property (amount, loan type and date) ... from that, you can make an educated guess as to the current balance. Look up the historical average for the date of the loan (or, more accurately, a couple weeks prior to that date) and then run the amortization and see where the balance would be today if they paid on time and never added extra.
As an agent, I also have access to purchase the current loan info through one of the title companies I work with ... I'm not positive, but I don't believe they allow it for a single property - it's been awhile since I looked into it, but I think it would have to be part of a larger group of loans that I was pulling info for.
I'd start with the educated guess and see where it gets you...
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