how do you find out how much is owed on a foreclosured property?

NOt quite sure that you are asking the right qustiin. Why would you want to know that. IT is not material to the buying process. Try asking what you really wnat to know and it will help us help you

When a property has been foreclosed, in other words the bank has already taken it back at the foreclosure sale, it really doesn't matter what amount was owed by the previous owner. The bank will list it for sale based on the current market value. If the home has not completed the foreclosure process and is not yet owned by the bank, the attorney handling the case will have that information and of course so will the bank. Regardless of the amount owed, the bank can only expect to sell it for market value. Any additional liens need to be satisfied as well.You need to work with a Realtor experienced in this type of sale.

If the property is being foreclosed, the lawyer handling the case will know the amount that will be needed to purchase the home. After it is taken back by the bank, all the other liens have been taking care of and you will deal with the bank directly. They can put the home on the market.

If the property has been foreclosed, the title has been cleaned in the foreclosure process, which means all leans have been wiped out. When you buy, the title company will issue title insurance, so you don't have to worry. Are you not working with a Realtor?

Mortgage balance on a foreclosed property, (as I assume you are referring to a home that is already taken back by the bank), which then makes it an Reo, usually comes with no mortgage balance, liens should also be wiped out by the time you, as the buyer close, as long as you are dealing with a title company that completes a title search and issues a clear marketable title. Be sure you have also purchased an "owners policy" to protect yourself against any defects to the title. If I can be of further assistance,I am available via email, text or phone. Maurince Pierre Best of luck

Hello Susie, I am assuming that you are interested in buying a foreclosed property....a foreclosed property means that the bank has already taken ownership, and the ammount of the previous owner's loan will not affect the listing price of a foreclosed property, any outstand liens against the property are now the lender's problem and will have to be dealt with in order to give a clean title when the property closes. Regardless of what is still owed on the house, the lender/bank can only sell the property for it's "true market value", after you wouldn't want to pay more than a property's is worth. You wouldn't be able to finance the purchase of a property unless the new lender performs an appraisal, so it is important that you find out the true market value before making an offer. A real estate agent can provide you with a report showing similar properties in the area that have sold recently and estimate it's value, and advise you on how much you should offer, and the services of a Real Estate Agent are normally free to buyers as it is normally the seller who is responsible for paying any real estate commission/fees. Sometimes properties will sell for less, sometimes there may be a multiple offer situation if the property is located in a popular neighborhood for instance and in those situations all the potential buyers will be asked to make a "highest and best" offer...the bank will choose the winning bidder and it's not always the highest offer, but the best offer for them to be able to close giving them the best outcome and return. As a buyer there's no need for you to know the amount owed by the previous owner it's wouldn't help you....in a short sale too, the amount of the owner's debt will not alter the fact that a property should sell for the true market value, so I would encorage you to use the service of a local realtor, it's always best to have a professional on your side. Good Luck Jenifer Wilson

You can pull up the owner's mortgage info on the clerk of courts and figure out what they owe. Call me for more detailed info at 407-709-8942. Thanks, Care

Hi Susie, The property in question is yours? If so just call the lender to check it. If it from someone else, you need to know the lender and with the creditor information you may know the total amount. Good luck!!!

Hello, If you are the property owner of a foreclosure property; you will be able to get the information from the lender in order to bring the mortgage current. If you are a buyer looking to purchase a foreclosed home then it is not necessary to know that information; you would provide a valid offer for what ever foreclosed property you see on the market; and a asset manager for that particular bank will follow their guidelines to ensure your offer is valid. If offer is accepted; you are expected to close in 30 days.