The mortgage and related debt history are a vital part of a real property record. The mortgages could be when the lot was acquired, then re-financed, then a construction loan turned mortgage. In addition to the mortgage history, the SearchQ™ Comprehensive Property Report also indicates the mortgage recorded date and the name of the borrower and lender, from the time the home was built until present.
REVIEW THE MORTGAGE HISTORY BEFORE YOU BUY
Before buying a property, especially short sales and foreclosures, you should review the mortgage history.
Most sellers will not disclose their current outstanding mortgage. Without the mortgage report, you will be making a "blind" offer to the seller.
Prior to taking ownership of a property, you should know if there are any existing liens or encumberances on it.
The deed/mortgage history will inform you about the current financial situation of the seller.