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Foreclosure Forum |
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Re: Surplus money after saleIn 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.
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