Updated about 8 years ago on . Most recent reply
FL MORTGAGE BROKER: before you make an offer on property
Before you make an offer, contact your title agent partner to run a search in advance to find out what all my be going on internally with the seller and the property. If there are a bunch of liens or Lis Pendens , then you may or may not want to proceed
Also, find out how much they owe and to see if their are 1 or 2 mortgages on the property.
You can usually determine how much the seller owe by simply looking at the amount of the mortgage, the date of the purchase, then use a rate of around 4% to 5% and do an Amortization Schedule of the months since the mortgage was recorded.