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Who gets the money that is over the minimum bid?

March 10, 2016 08:20PM
At a trustee sale the bank is foreclosing and wants $500,000 to bring them whole again. However, the house goes for $700,000. Where does the extra $200,000 go? Does the extra $200,000 go to pay off tax liens and/or judgments? Does the bank keep the extra money or give it to the person who was foreclosed on? Thanks for shedding any light on this situation. Mattie
Subject Author Views Posted

Who gets the money that is over the minimum bid?

Mattie 3481 March 10, 2016 08:20PM

Who can share in a foreclosure overbid amount...

Ward-CA 2544 March 11, 2016 09:05AM

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