Fourteen Questions to Ask Owners Calling about Your Property Wanted

Here are 14 standard questions that you need to ask every property owner calling in response to your classified property wanted ads:

1. Where is the property located? _

2. Who owns the property?_

3. What condition is the property in?_

4. Is the property currently occupied? ( ) Yes ( ) No

5. Does the property have a first mortgage loan? ( ) Yes ( ) No

6. What type of first mortgage loan does it have? ( ) Conventional ( ) Private

7. How much is owed on the first mortgage loan?_

8. Does the property have a second mortgage loan? ( ) Yes ( ) No

9. How much is owed on the second mortgage loan?_

10. Are the mortgage loan payments current? ( ) Yes ( ) No

11. Are there any liens other than the mortgage against the property? ( ) Yes ( ) No

12. How long have you owned the property?_

13. Is the property tax payment current? ( ) Yes ( ) No

14. How much do you want for your equity in the property?_

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