Is there a way to find the !st and 2nd TD balance on a default property, pending foreclosure?

Asked by Theshadow07, Los Angeles, CA Wed Nov 7, 2012

The exact property address is: 12235 Clover Rd. - Pacoima, CA 91331

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4
John Walin, Agent, Libertyville, IL
Sat Nov 10, 2012
In CA can you have a title company run a conditional title policy ran to check if title is clouded, and verify balances and total liens? You might have to pay 250 for a preliminary title report, but that should give you good info if the bank will go along.
0 votes
Kawain Payne, Agent, Seal Beach, CA
Sat Nov 10, 2012
Yes, your agent can get thsi info for you.

Best of luck to you.

Kawain Payne, Realtor
0 votes
Daniel Klein, Agent, Beverly Hills, CA
Fri Nov 9, 2012
Most of this information is easy to obtain. I would suggest consulting with a Realtor to A. Get you the information you need, B. Finding out if purchasing this property is a good deal. C. Speaking with a Mortgage Banker to find out if you are qualified to purchase this home.

Daniel Klein
800-640-8978
Mortgage Banker
Real Estate Broker
0 votes
Tom Hallen, Agent, Santa Monica, CA
Wed Nov 7, 2012
You can get this information from the borrower's credit report or from Schedule D of a bankruptcy filing if the borrower has filed bankruptcy. Otherwise you can estimate it. The principal on a typical 30-year mortgage amortizes at about 2% per year for the first 10 years. So if the loan on a $300,000 mortgage that is current was made 5 years ago, the remaining balance would be approximately $270,000.

It might help to get the Notice of Default, which shows the amount of the delinquency on a deed pending foreclosure.

Tom

Carl 'Tom' Hallen
Broker/Realtor
tomhallen@gmail.com
310-689-0703
http://www.tomhallen.com
0 votes
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