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Can you find out what is still owed on the mortgage on a house that is for sale?
Wiki User
∙ 17y ago
Go to a Title Company Like Fidelity or Chicago Title and pay a few dollars to do a full title and lien search on the property. About 50 to 150 dollars. A title search may tell you who has recorded a mortgage on a property, although not necessarily the initial amount or interest rate of the note being secured by the lien, let alone any remaining principle today. About the only way to find out how much a person still owes on their house is to ask them or get permission to ask the lender(s). Why would it matter? Your typical purchase and sale agreement will require that title be delivered free of any such liens, and it is up to the seller to pay off the liens at or prior to closing.
Wiki User
∙ 17y ago
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Can a family member buy the house that is in a reverse mortgage?
Only if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgage
Can I move into mom's house if she died with out a will and I am only heir?
Depends on whether your Mother owned the house. While you would inherit your Mother's financial interest in the house, if there is a mortgage on the home, then the mortgageholder also has a financial interest. They may want to be paid the outstanding amount still owed on the mortgage.
How can you find out how much is owed on your mortgage?
call the place where you got it financed at and they can tell you
What happens to the remaining mortgage balance if your house is foreclosed on and sold for less than the balance of the mortgage?
The amount that the bank forgave the difference from what you owed and the house is worth will be issued to you on a 1090 form and you will owe tax on that amount.
What are your rights to a home after a parent dies and still owes a mortgage?
The home belongs to the bank if there is money owed. The person who is to carry out all the wishes (executor) from the parent's will must either use other assets to pay the mortgage off or sell the house and pay the mortgage, keeping any profit. The bank will not clear the debt until it is paid, they will take the house by force if needed.
Can you get a mortgage for a house that you are already deeded to but not on the mortgage?
All the owners of real estate must sign a mortgage that will affect the property. The bank will take into consideration the amount that is already owed on the property for the first mortgage and the ability of the owners to take on more debt.
My spouse died and the house was just in his name there is no equity now but there is still money owed how do you get the house in your name the company still send the bill in your husbands name?
Contact the mortgage company. They may work out a new loan in your name. It may be necessary to contact an attorney about your rights in your specific state.
If you sign your rights to the house off are you still owed a settlement for community property in a divorce?
In Ne If you sighn off rights to your house are you owed a settlement in a divorce
How does a home equity loan work?
It's like a second mortgage on your home. They would evaluate the worth of your house minus the amount owed on the first mortgage and loan you a percentage of the difference. You would have to pay two mortgage payments.
How do you calcualate equity in your home?
Home equity is the difference between the current value of a home and the amount still owed on the mortgage. As the principal of the mortgage amount decreases as a result of monthly mortgage payments, the home equity increases.
Who do you have to contact to find out a balance that was owed to your mother when she sold her house in PR the mortgage was with RG and at the time of sale a bal of a little ove 1000 was left unpaid?
You should contact the attorney who represented your mother in the transaction.
How do you calculate equity in the property?
Equity is calculated by subtracting the amount still owed on the mortgage loans from the fair market value of the property.
