The lender is entitled to retain all proceeds of a sale up to the amount that you owe them under your loan contract. That would include not only the principal balance that's as owed when you filed your bankruptcy but also all arrearages, interest charges, late fees, inspection fees, foreclosure and attorney fees, etc. If you wish to know what that actual payoff of your loan would be you can request that information in writing from the lender.
Answered on Feb 24th, 2013 at 1:17 AM