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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CJ Brasiel, Agent, San Jose, CA
Sun Feb 3, 2008
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.

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