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Finding how much credit is owed on a house?

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Old Jul 7, 2008 | 04:41 PM
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Default Finding how much credit is owed on a house?

Can anyone do this? As might be interested in a repossessed house, and obviously would like to know how much is owing on it
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Old Jul 7, 2008 | 04:42 PM
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Originally Posted by Rhys
Can anyone do this? As might be interested in a repossessed house, and obviously would like to know how much is owing on it
What difference will it make? or are you trying to use it as a bargainign tool with the bank if you know how much is owed you know what to offer to cover there costs that are outstanding?
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Old Jul 7, 2008 | 04:45 PM
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At the moment banks want to get their money quick. So would be nice to know how much they need to get back.
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Old Jul 7, 2008 | 04:47 PM
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Originally Posted by Rhys
At the moment banks want to get their money quick. So would be nice to know how much they need to get back.
true but they won't sell too under valued, they will know what the house is worth, usually around our area there is a few business men that seem to be in there and always snap them up, not sure if this is the same all over the country.
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Old Jul 7, 2008 | 04:49 PM
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as above they usually have investors who get first dabs if its too much for them then they will go to auction

J
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Old Jul 7, 2008 | 04:53 PM
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Yes i know this But i would still like to know how much is owed
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Old Jul 7, 2008 | 04:58 PM
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The only people that know exactly are the Building Society / Bank that are now repossessing it, AND whoever took out the mortgage and is currently getting it re possessed.

The first isn't going to tell you, the second might.

You don't always know who the Bank that's involved is, but you always know where the person about to loose the house is/ was.

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Last edited by focusv8; Jul 7, 2008 at 05:00 PM.
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