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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Who gets to keep excess sale proceeds??? Posted by Pat on August 15, 2001 at 12:16 AM Let's say I own a note with a $1,000,000 outstanding balance. If I foreclose on the property and someone bids $1,400,000 for the property, do I, as the note holder, get to keep the excess proceeds or is this amount refunded to the previous owner. The property is in Texas. Follow Ups: Re: Excess sale proceeds go where??? Ward-CA- 6:25 PM, 08/15/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Let's say I own a note with a $1,000,000 outstanding balance. If I foreclose on the property and someone bids $1,400,000 for the property, do I, as the note holder, get to keep the excess proceeds or is this amount refunded to the previous owner. The property is in Texas. 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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