Tax Liens & Mortgage Notes
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 11 years ago on . Most recent reply
Determining the Performance of a First Lien as part of diligence for 2nd Lien
Hello all,
As I understand it, one of the better ways to limit the risk of getting wiped out as a 2nd, is to make sure that the 1st is current. At the pre-offer stage, which is as far as I'm at now, how can I determine with accuracy the status and amount of the 1st note?
I know some websites display these, but I've heard they are often wrong, or guesses, and don't include any back interest on the 1st notes.
Apparently, finding this information is not hard, but I have not idea where to look.
Thanks