Question Details

Vanessa Brown, Home Buyer in Niceville, FL

How do you find out if the amount that is posted is the real price or just the first mortgage?

Asked by Vanessa Brown, Niceville, FL Sun Feb 3, 2008

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Vanessa -

Your agent should be able to identify all lien holders from the preliminary title report. You may also find this in the public records at your local tax assessors office. I am not aware of any benefit to the seller to set a sales price that does not pay off all mortgages (liens) on the property. If it is a short sale, make sure all lien holders have approved the short sale.

0 votes Thank Flag Link Sun Feb 3, 2008
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