For any house on listing,is there a way to know how much loan is still due on the house, the types of loan the home is financed with( ARM/30-yr fixed)and the loan reset or renewal date etc.
On a separate note, I read in yahoo today, that some $400 billion worth of ARM loans reseted in 2006. What’s the projected number for 2007?
This article posted by another reader on this site http://www.marketoracle.co.uk/Article320.html states that there are $1 trillion worth of ARMs resetting in 2007. Don’t know the accuracy of the statement.
A realtor, appraiser, or someone else with MLS access can pull up the property profile / tax record for any property, (listed or not), and can tell you the amount and dates of all loans taken out on the property. It won’t show the type or terms of the loan, though.
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