QUESTION
If our house went into foreclosure and was sold for more than what was owed, are we entitled to the money that is left over?
Asked on Mar 16th, 2014 on Foreclosures - California
4 ANSWERS
Yes, after all costs of the foreclosure sale have been paid.
Answered on Mar 18th, 2014 at 4:37 PM
Kenneth Steven Pelsinger
Yes any excess monies paid for the house beyond taxes and legal fees is yours.
Answered on Mar 18th, 2014 at 4:24 AM
Yes, the amount over the debt is called surplus funds. The Trustee who sold the property should be in contact with you. If not, contact them and inquire as to the funds.
Answered on Mar 17th, 2014 at 1:33 PM