L/O General Question - Posted by Dan The Man

Posted by j.a. on October 12, 2004 at 18:24:08:

wrong!! a credit report will NOT show the payoff.
only the lender can give you the payoff. the balance on the mortgage is not the same as a payoff… just a ballpark (you could have prepay penalties, advanced interest, etc.)

L/O General Question - Posted by Dan The Man

Posted by Dan The Man on September 09, 2004 at 09:15:46:

How can I find out how much equity a seller has and how much he/she owes? I know you can ask them but how else? Thanks. Dan

Re: L/O General Question - Posted by Doug

Posted by Doug on September 22, 2004 at 15:56:10:

You need the market value of the home and the payoff. You can get the payoff from a credit report and the market value from an appraisal.