How do I make sure seller tells the truth about their mortgage?
@Dana Burns Find the recorded Assignment of Mortgage, listing the seller as the current assignee
@Andy Mirza thanks you!
@Dana Burns It depends on why you want to know.....straight up purchase, sub2, etc. That info can only come from their lender....to them or to you if they have given you proper written authorization or jointly on a phone call. It is also shown on their payment book, assuming they are current.
One is to close at a title company, get title insurance and have the title company order payoff information directly from the lender.
You perhaps can look up the deed of trust or assignment of mortgage in the county records, but this will not tell you the balance, only the initial loan amount. You can make some assumptions from there.
I'm assuming the seller is also the homeowner. Just ask to see their latest monthly mortgage statement.