I am lead to believe we can do a “reverse title search” to find out contact details of proerty owners, & possibly some details about how much they paid & still owe (based on how much they borrowed) from a title search. Anyone know the step-by-step proceedures???
Hi Misty
I’m a lawyer but not a property lawyer. I do all my searches including title searches on lawpoint.com.au However, to do them online you have to suscribe – not sure if its only legal firms who can suscribe. Even if you don’t suscribe though, they will do “one-off” searches for you and email them to you – give them a call.
An easier option would be to go down to the land titles office – I’ve never done a full title search this way so again, best to phone them to find out how much and where to go.
BEFORE YOU DO ANYTHING MAKE SURE YOU HAVE THE VOLUME AND FOLIO NUMBER AND FULL PROPERTY ADDRESS.
Good luck!
NB the above isn’t legal advice, as I don’t specialise in the property law area – it’s just what I do based on my own opinion and beliefs.
Sorry Misty I misread your email – thought you just wanted to do a title search, which will show the current owners and whether they have a mortgage or any other debts secured against the property.
When doing the search you can request all the other “no extra charge” documents available and in Victoria this can include the mortgage registration document – some of my searches have shown a stamp in the corner which has details of how much stamp duty was paid and you can work out from this how much they paid for the property. BUT I don’t know if/how you can find out what’s still owing.
Hope this helps – although again, this is only my experience, not legal advice!
Go to the land titles office home page in your state. Do a title search. This should show any mortgages, you get the folio number from this and then can request a copy of the mortgage document. Can also do the same for the transfer which should have the price they paid for it.
Terryw
Discover Home Loans
Parramatta
[email protected]
Sign up to my mailing list.
Just send me a blank email, with “subscribe†in subject line.Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
You must be logged in to reply to this topic. If you don't have an account, you can register here.
