Ward at front door

InnoVest Resource Management's

Foreclosure Forum

Discussion Board

Foreclosure Training

Title Holding Trust

Speaking Schedule

Foreclosure Codes

50 State Foreclosure Basics

Foreclosure Glossary

60+ Yrs Interest Rates

News & Trends

FAQ

Dingbat Retirement Plan

Links

Contact / Map

Home

 

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ]

Re: Surplus money after sale

Posted by Ward-CA- on January 16, 2002 at 7:24 AM

In Reply to: Surplus money after sale posted by Laura on January 15, 2002 at 9:22 AM

: I am trying to find out one thing. If there is surplus money after a foreclosure sale, and all parties required have been notified and there was no response, instead of the money just returning to the state, can the purchaser of the property apply for the money?

=•=•=•=•=•=•=•=•=•=•=

Laura, the trustee wouldn’t give surplus proceeds from a trustee’s sale to someone who didn’t qualify to receive such funds, such as the winning bidder at the trustee’s sale. They are required to turn such funds over to the state.



Follow Ups:


Post a Followup:

Name    : 
E-Mail  : 
Subject : 
Comments: Optional Link URL: Link Title: Optional Image URL:


[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ]

WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Our home page is at http://www.foreclosureforum.com

Copyright © 1997-2001, InnoVest Resource Management

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455

[an error occurred while processing this directive]