If the listing agent (who representst the seller) is correct and the seller does owe equal to the asking price does that mean that the home is worth more? Absolutely not! A homes value is determine by sold comparables. In our current Atlanta market, you would want to pay less than the last comparable home that sold. You do not want to overpay for a home because of what a seller owes. It is a hard market for sellers; however, you are not to blame for when they bought their home and what they paid for their homes or the number of mortgages that have taken on their home.
Do you have an agent representing you or are you dealing directly with the sellers agent? Are you just inquiring on a home or have you actually visited Atlanta and seen the home with an agent? If so, I would recommend that you hire an agent. As an agent here in Atlanta, I do have access to tax records just as any agent in Atlanta or an Agent in any State does which can show the original loan amount on first mortgages and any additional mortgages. Consumers cannot access our online services to obtain this information. This information is only as good as the person who imputed the information from the county. There are typo's and missing information on a regular basis. Even if 100% accurate it would not show if the seller has paid down his mortgage balance.
I am not aware of a public website but you could attempt a Google search. I believe you that do a person check (which is like a background check) on an individual online at a cost which I do believe includes
mortgage amounts; however, based on my earlier statement I do not believe this is worth you while. It has no bearing on what you should or should not pay for a home.
Lorie from Atlanta