2007-11-01 09:31:49 · 4 answers · asked by mbz 3 in Business & Finance ➔ Renting & Real Estate
Ok, I know why you are asking from your last question. What they pay for a mortgage has nothing to do with the amount of rent you should pay. For all you know their home is paid off, that does not mean you get to rent for free. They may have purchased it 20 years ago and have a payment of $100, that does not mean you get to rent it for $100. See my answer to your last question and take my advice. If they want you to name your own price to rent it, there is something wrong with them. They are inexperienced landlords and when problems arise they are going to cause you grief.
2007-11-01 09:44:19 · answer #1 · answered by Anonymous · 62⤊ 5⤋
Hehehe. If Gregorio is correct in his statement, he's also right. What a person pays on their mortgage is quite irrelevant to the value of rents.
Aside from that, there are no public records relating to how much a person's monthly mortgage payment is. That's private information, protected under confidentiality laws.
2007-11-01 17:43:47 · answer #2 · answered by acermill 7 · 26⤊ 0⤋
Ask them.
Other than that, not reliably. Maybe in public records if their Note was part of their Trust Deed, but that's only a very few. Most aren't.
You can find out how much the mortgage is for, and make some estimates based upon that, but there no way in public records to verify either that, or their answer if they tell you.
2007-11-01 16:41:54 · answer #3 · answered by Searchlight Crusade 5 · 8⤊ 9⤋
ask them. You can't tell by house value, because you have no idea how much down payment they put down, or int rate or terms
2007-11-01 16:38:23 · answer #4 · answered by Anonymous · 7⤊ 9⤋