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Is there any way to find out if a mortgage is paid off. My mom is thinking about renting a house, but we want to make sure the mortgage is paid off.
The reason I want to know if the house is paid off is because of the economy. People are renting houses and not paying their mortgages. Then the renter is thrown out because the house goes into forclosure. Not everyone is honest.

7 Thoughts on How to find out if a mortgage is paid off?
  1. Reply
    January 26, 2014 at 1:47 pm

    Mortgages are registered with your town or city.

  2. Reply
    January 26, 2014 at 2:32 pm

    What does it matter to you if the house is paid off? Many people rent their homes while there is a still a mortgage and use rent money to pay the mortgage.

    Plus even if the house is paid off the Home owner might get into financial trouble and need to sell the house anyways. Just because the house is paid off doesn’t guarantee anything.

    You have no liability renting the house either way. If you like the house then rent it. Dont base your decision on whether the mortgage is paid or not.

  3. Reply
    January 26, 2014 at 3:13 pm

    Why would it matter if the mortgage is paid off for you to rent. They have nothing to do with one another. But I would guess that most rental property has a mortgage on it,

  4. Reply
    Clown Knows
    January 26, 2014 at 3:51 pm

    Call the bank, or check the title at the local county court house.

  5. Reply
    January 26, 2014 at 4:49 pm

    There is no way to know for sure. Mortgages are recorded at the local land office, but they’re not always promptly recorded as paid off when they are.

    You can ask the landlord, and he may or may not answer. You can ask his lender, and they won’t tell you anything, since that is confidential information.

  6. Reply
    Lisa A
    January 26, 2014 at 5:20 pm

    It’s extremely unlikely that the mortgage is paid off. And it’s none of your business if it is or not anyway. But registration of mortgages is public record. You can check with your county.

  7. Reply
    January 26, 2014 at 5:35 pm

    Even if the mortgage is paid off, there is no guaranty the taxes will be paid. If the taxes are not paid, the government will foreclose on the property.

    The house could be subject to “workmen” liens, even after your mother moves in. One electrician visit not paid for can result in the house being foreclosed upon.

    If the landlord incurs any one of a number of debts and fails to pay, the person to whom the money is owed could attach a judgment to the house and then foreclose.

    You seem to think a paid mortgage is some sort of safety net. It isn’t. Yes, there are some well publicized cases where people are getting thrown out of homes because the landlord is in foreclosure, but in reality, these are really very few and far between. Please don’t let the media’s obsession with these stories scare you.

    Do all you can to ensure the people you are renting from are honest. Do a simple web search. Ask if you can speak to the previous renters. If the landlord doesn’t want you to talk to the previous renters, it’s a red flag. It’s not a definite sign not to rent, but it is a red flag that there may have been an issue that the landlord doesn’t want you to know about.

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