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Channel: Real Estate Investing Center - Comments for "Why do you need to know if I have a mortgage?"
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instead of asking if they have a mortgage

A better way to ask that question is this. Would you be willing to accept the pay off amount on the property? They will tell you either: No its free and clear, Or they will give more information as to...

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Answer

If there is a mortgage, or any other encumbrance involved with the property, we would need to deal with it, if we move forward with your property.

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Similar Problem

I want to be make a contract offer on someone who's losing their house. We're willing to pay the agents commission...but we can't find out what the owner's owe and the agents say that information is...

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not so much a script as gaining their trust

Not so much of using a script as gaining their trust. Building a repour with the person. I ask several probing questions to get me the info. Most of the time this is gained on the second contact. But...

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Thanks so much for answering

Thanks so much for answering that Jen, so far that was the clearest senario of seller to invester I've read yet. I'm in a better state of mind now, great Aha moment!Kathy

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Suggestion

This is how I handle it:"My company has different programs available to buy your house and in in order to make an educated decision on which one would best fit your needs, I need to have certain...

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Kathy

kmacias wrote:Thanks so much for answering that Jen, so far that was the clearest senario of seller to invester I've read yet. I'm in a better state of mind now, great Aha moment!KathyMy pleasure...

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mortgage balance

if youre buying 'subject to' you should know the payment amount and balance in order to know if it can be a deal or not.the balance will also let you know approx how much equity, if any is in the...

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"Because I need to know if

"Because I need to know if keeping your existing financing in place might be a part of my offer."

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BUMP

BUMP

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