QUESTION
If your home goes into foreclosure and you have a surplus in escrow, are you entitled to the escrow if you paid to get your home out of foreclosure?
Asked on Feb 05th, 2013 on Foreclosures - California
2 ANSWERS
The promissory note and deed of trust probably allow the lender to be reimbursed first for costs of foreclosure. If there is still extra money, you might get it.
Answered on Feb 07th, 2013 at 3:31 PM
1 Award
If you paid the bank and got the home out of foreclosure, you should be entitled to an surplus fees in the impound account (the account for payment of property taxes and insurance).
Answered on Feb 06th, 2013 at 6:05 PM