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How To Find Out Who Has A Mortgage On A Specific Property

A mortgage is a loan used to buy a property while putting that property up as collateral. Mortgages are recorded documents that are part of the public record. For those in the real estate industry, a beneficial marketing tool is found by having access to mortgage information. You can find out who has a mortgage on a specific property in many ways. Some of the most convenient options are listed below. 

Whether browsing records online or visiting a county’s record office, several routes can help you access this public information for whatever purpose you desire. In some cases where such information is not available online, you can always visit the city recorder’s office to pursue the mortgage deed in person. 

There are numerous reasons why someone would want to find out who has a mortgage on a specific property. Perhaps you’re a real estate agent looking to purchase a property for a client of yours and want all the relevant information about the property, including the mortgage and the mortgage bearer’s information. 

There are no legal gray areas in finding out the property’s mortgage records as you have every right to access this very public information. No doubt, it is a time-taking process, but our guide will help you navigate it smoothly. 

You should know what kind of information you will be receiving. Based on the county, you will most likely discover the borrower’s name, the property’s address, the maps or surveys of the property, the square footage of the property, and the assessed value of the property. You will be able to see the previous sales listings and the tax assessment history of the property as well. 

Reach Out To a Title Company

Hiring a title agent through a title company is the easiest way to find out mortgage information since it saves you the hassle of doing anything yourself. The agent belonging to a title company can run a title examination that will display the homeowner’s record, a list of outstanding mortgages and liens, and the holder of those mortgages and liens. This information will cost you money depending upon the county and what kind of title company you contact. Moreover, these agents can provide you with varying types of reports depending on how much information you require.

Explore Online Public Records

If you want to save money at the cost of time, you can explore public records online. Most counties and cities have a searchable online database of public homeownership information. For example, in San Francisco, members of the public search property information can type the property address into the search engine or highlight the property on a map, which will pull up a list of recorded transfers, mortgages, trust deeds, and anything else relevant to the subject property. You can then click on the most recent mortgage to find out about the current note holder.

Visit the County’s Record Office

Not all counties offer this information online. Some counties do not publish property records online. The information does not include the homeowner’s name or the mortgage holder in some cases. In such cases, if you belong to a jurisdiction where online records will not serve your purpose, you will have to go to the county records office and use the public terminal to look up the land records for a property. You will need relevant information like a property’s address and the homeowner’s name to search the database. You can even order copies of recorded documents for a certain fee.

If you are a real estate agent or a wholesaler, going to the county’s record office will put you in touch with the clerk in charge of these documents. Forming a good relationship with him will avail you further in the future.

Take Advantage of Online Third-Party Resources

You can use many online services to access homeownership information, tax records, mortgage information, liens, and much more. For example, PropertyShark lets you access all of the information mentioned above. You can access some information for free, but if you require detailed property records, you’re expected to pay for their subscription. A similar service called NextAce lets you run a one-time ownership and encumbrance report online for a fee. Search Systems is a free resource that aggregates records from more than 50,000 public databases across the country. If you believe a property is foreclosed, there’s a website called RealtyTrac that has data on more than 120 million foreclosed homes, homes for sales, and off-property markets.

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Austin Proctor

Austin Proctor

Technical Writing Manager @ BatchData

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