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.