Home Buying in Boca Raton>Question Details

DB, Home Buyer in Fort Lauderdale, FL

I'm a potential buyer of a property. Where can I go to find who my seller's lender is?

Asked by DB, Fort Lauderdale, FL Mon Jul 15, 2013

Is there a website that would have this public information. The property is in Broward County

Help the community by answering this question:


Hire an agent, they will do the work for you.
1 vote Thank Flag Link Mon Jul 15, 2013
County Records, in every courthouse will have this.
0 votes Thank Flag Link Tue Jul 16, 2013
Your real estate agent should be able to provide this information for you.

Caesar Parisi
Champagne & Parisi
0 votes Thank Flag Link Tue Jul 16, 2013
If you think that information can help you make a decision when buying a property you should tell your Realtor to help you. I particularly think that in this market where properties get several offers at a time it's not useful because you might be missing some opportunities if you are relying on this info.

Best regards,

Nitza Ramos
East Coast Realty Group
Direct: 954-856-3156
Website: http://www.nrcv.com
0 votes Thank Flag Link Tue Jul 16, 2013
If the home in Boca Raton is in distress (short sale, in foreclosure proceedings) knowing the name of the lienholder and the outstanding amount may or may not be of help. In those situations, the outstanding loan amount is usually equal to more than what the property is currently worth.

If it's a standard sale, where the owner controls the property, having that information may tell you what the owner owes on the house.

Many buyers feel that knowing what the sellers owe on a mortgage gives them an advantage in terms of purchase. For example, if the sellers have a high mortgage, maybe they're really desperate to sell.

However, in the current market, the surplus of buyers, both with cash in hand or mortgage in hand, tend to eliminate the desperation aspect.

If a house is priced correctly, there are usually several buyers who will gladly purchase it just because there is a lack of inventory available in the market.

The price of the house will determine the number of available buyers. If this Boca home is priced under $400,000, the seller is likely to have many potential purchasers looking at it.

However, if this Boca Raton home is priced at $500,000 or above and there is a mortgage on the property, then it may be worthwhile to know the seller's outstanding balance and the name of the bank holding the mortgage.

Marc Jablon
Johnson and Johnson Team Realty
0 votes Thank Flag Link Tue Jul 16, 2013
My question for you is why do you need to know the seller's lender?
Your RE. agent will be able to help you with property information.
0 votes Thank Flag Link Tue Jul 16, 2013
Your Realtor or closing agent will do this for you.
0 votes Thank Flag Link Tue Jul 16, 2013
You can easily find out by going to the county clerks office website and see the recording of mortgage. Keep in mind that this will be the original recorded mortgage as the bank may have sold the loan.
0 votes Thank Flag Link Tue Jul 16, 2013

BEST ADVICE- Mortgage Broker Responding...

Since in Broward the buyer generally chooses the title company, if you don't want to go to sites like the County Property Appraiser and enter an address, ask the title ahent you plan to use to do it for you as well as pulling up the mortgage(s) as well as any Adjustable Rate and Balloon Riders so you can estimate how the seller owes, what is coming due and when, any Tax Liens, etc.

This insider info could be very valuable in many situations when you're looking to make an offer.

0 votes Thank Flag Link Tue Jul 16, 2013
Agents can tell you as they have access to sites the public does not. Send me the address and I will send you that information and more.

Marilyn Jacobs, Realtor
Jeffrey Ray & Associates
0 votes Thank Flag Link Mon Jul 15, 2013
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