There is NO WAY to know the mortgage balance. You can estimate the balance assuming normal conditions such as on time payments, interest rates etc. but there's never a way to know the exact balance.
Buyers usually don't need to know this number but will know it before closing since the payoff amont will apprear on the HUD-1 statement which can reviewed before the actual closing.
Please contact me if you have further questions.
A Deed of Trust is recorded with the register of deeds within the county, when the loan is originated. This deed states the loan amount at the time it was originated, and can typically viewed on line thru the county website, or in person at the Register of Deeds office.
However, while a Satisfaction (paid off) of the Deed would be evidenced, there will be no record of how much of the debt has been paid off since it was originated.
In any event, it's a good start. Also, you can ask the Listing Agent / Seller if you wish.
Mark J. Massey
It is also important to know if you are working with a real estate agent who is representing you whether you are interested in selling your home, buying a home, or both.
I look forward to hearing from you.
Janet Conway Rose
Fonville Morisey Realty
Your local tax assessor's office will have the seller's loan information on file as it is a matter of public record. Sometimes this information is available on-line on the town's web site (if they have one) or sometimes tax records are available on your local MLS. A real estate agent could find this info for you. However; I don't think that you can find out how much they still owe except for figuring how long they've owned the property and calculate an estimate from there.
Hope this helps.
Prudential Connecticut Realty