Question:
Question for your real estate investors out there. I am aware of a property that is in pre-foreclosure. I happen to know that the mortgage on this property has been sold a number of times (I realize that this is very common in the mortgage industry). However, the company that holds the loan now is one of those last stop mortgage companies. They buy mortgages that other companies have written off as bad debt. Is there a way to find out how much this company paid when they bought the loan in question?
Answer:
Look at your county treasurer and auditor.
If you arelooking to purchase it - offer them $100 and go from there. Good Luck!
there is no way to know how much they paid for the loan. it is not a matter of public record. only the original loan amount is or if there was foreclosure proceeding started you may find the lis pendis that was filed and that may have the current balance of the loan.
good luck
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