Collin Foreclosure
Foreclosure – how can I find out how much is owed on the property?
Is that information publicly available? Looking at records filed in the county (Collin, Tx. & Dallas, Tx) seems to reveal only the amount of the original loan. For so-called short sales, knowing how much is owed on the property is essential. Subscription listings always list that info. Where do they get it?
They probably calculate from the time the loan was orginated to the time of default and figure out what the default amount is. If you have a financial calculator you can figure it out. Example
300k mortgage @6% for 30yrs is 1,798.65 a month
Owner defaults after one year; balance is $296,315.96.
COLLINS Foreclosures, HUD Owned Home for Sale – 3500 VINE RD, 44826
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