If your concerned with a lien still being in place on a home after you purchase, don't worry about this. The title company will issue a clear title, free of any liens on the home including a past mortgage, prior to you taking possession.
If your trying to find out what is owed on a home for negotiation purposes or for the possibility of taking over the "note", you are best advised to speak to a Realtor. Most mortgages on homes today are NOT assumable, and their interest rates would be very high VS current rates so you would be best advised to get a new loan. And the current mortgage balance will have no effect on the value of of a home today. The home will sell for what the market will bare.
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Bernstein Realty, Inc.
Your question is a good one but it scares me that you are asking it. You should be working with a Realtor who would answer that very basic question for you and many more questions that will arise during the course of your purchase.
Good luck to you. If you do not have a Realtor working to protect your interests in this purchase I fear you are going to need all the luck you can get.
Doc Stephens, REALTOR
Be sure that you have a Realtor representing you. The Seller normally pays the comissions and you want your own representation. That is so important!
They can come close to the pay-off by using an amortization tool on our HAR websites.
If your Realtor is a good "fisher" and has rapport with the listing agent, they may or may not give out that information.
The only way to tell if there is any other leins is to have the title company run title search AFTER offer is made, but you Realtor can write in the purchase contract that if there is any "clouds" on the title once it is ran, then you would have the option to back out. Usually 5-10 days once title commitment is sent to both parties.
Let me know if I can be of assistance if you are not working with a Buyer's Agent yet !
Check out my website and send me a messege