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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Question about surplus funds after Trustee Sale Posted by Freedom39 on May 20, 2002 at 3:50 PM I have a question about what happens to a property that went into foreclosure with a significant amount of owner equity. In this case, the trustee's sale yielded $450,000 but the unpaid debt amounted to less than $200,000. After settlement of all claims and deducting trustee expenses, does the original owner have a right to this surplus money? sorry for what is probably a very basic question, but I wasn't able to puzzle it out by reading previous posts. Follow Ups: Re: Question about surplus funds after Trustee Sale FromMiami 10:13 AM, 11/26/03 (0) Re: Question about surplus funds after Trustee Sale Jim V 4:41 PM, 05/22/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I have a question about what happens to a property that went into foreclosure with a significant amount of owner equity. In this case, the trustee's sale yielded $450,000 but the unpaid debt amounted to less than $200,000. After settlement of all claims and deducting trustee expenses, does the original owner have a right to this surplus money? : sorry for what is probably a very basic question, but I wasn't able to puzzle it out by reading previous posts. 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

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