Home Buying in 91356>Question Details

Cliff, Other/Just Looking in 91356

i would like to payoff a friends mortgage .how can i find out the remaining ballance?

Asked by Cliff, 91356 Sat Jul 14, 2012

Help the community by answering this question:


Hello Cliff,

Nice to meet you.

I am sure your friend is quite happy!

The lender will provide a payoff for you good for 30 days. Make sure to pull title to be sure there are no other outstanding liens.

All the best!

Diana Rosero
Broker Associate
Prime Partners Realty @ KW Burbank
818.859.9930 - Direct
0 votes Thank Flag Link Mon Mar 31, 2014
How nice! Contact the lender for a payoff amount. You will need permission to speak with the lender from your friend.
0 votes Thank Flag Link Wed Nov 20, 2013
It seems you might need to do a simple title research to know the mortgage remaining balance, current repayment policy, property tax and to make sure your friend is the legal and sole owner of the property. Some real estate information service website such as nextace.com allows you to search and download updated ownership information, even a copy of the deed.
Web Reference: http://www.nextace.com
0 votes Thank Flag Link Wed Nov 20, 2013
Cliff: payoff balances are available for the borrower.
Call the current lender servicing the loan.
Social security number is required.
So..if you are trying to do this as a surprise, it may be diffcutl to surprise.

Your friend should be able to obtain that information 24/7.
0 votes Thank Flag Link Sun Jul 15, 2012
You can pay mine, I will give you the information you need! ;) Oh, that's probably not what you meant, is it? As everyone said - your friend can provide you with this information. If you're trying to do it "secretively" you may wish to employ the help of a settlement company who can probably get a payoff for you.
0 votes Thank Flag Link Sun Jul 15, 2012
Hello cliff, Have your friend call the lender and ask for a payoff balance on his loan. He will have to call being it is in his name. I am very sure if they will accept YOUR check though. HEHEHE. God bless you!!!! That's a big Random Act of Kindness!
0 votes Thank Flag Link Sat Jul 14, 2012
I think we should meet so I can be your friend.

The best place to start is the person who has the loan to get there statement to show how much is owed.
Without the loan number you will have some difficulty.

Don't forget to vote best answer for those who give the best answer.

Harold Sharpe - Broker
So Cal Homes
(951) 821-8211
California Department of Real Estate Broker License # 01312992
0 votes Thank Flag Link Sat Jul 14, 2012
Check public record to see how many loans/liens are on it, then get a third party authorization and then call the banks and ask for a pay off amount.

Any other questions, call me on my direct number @ 310-435-8179

Best regards,

-Karo Karapetyan
0 votes Thank Flag Link Sat Jul 14, 2012
Just call the bank and ask for a pay off amount.

Should you have any questions - please do not hesitate to call me Toll Free 1-855-TRUST-55 ext.777 ( 1-855-878-7855 ext.777).

Sergey Fednov
Trust Sale Realty
Toll Free: 1-855-TRUST-55ext. 777
Toll free: 1-855-878-7855 ext. 777
Phone: 424-777-9377
Fax: 310-356-4925
* We Hire California Licensed Realtors - 100% Commission!
0 votes Thank Flag Link Sat Jul 14, 2012

I would have your friend call the bank an ask for a payoff balance.

Neil Singerman
Keller Williams Realty Westside
DRE 01097970
Web Reference: http://neilsingerman.com
0 votes Thank Flag Link Sat Jul 14, 2012
You will have to call the tite company to find out which liens are on the property and in addition you need to call the bank and find out how much the balance is.
0 votes Thank Flag Link Sat Jul 14, 2012
You would need to have the friend's loan number and/or a recent mortgage statement.
0 votes Thank Flag Link Sat Jul 14, 2012
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