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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Equity Surplus Posted by Joe Kaiser on June 10, 2003 at 10:13 PM In Reply to: Equity Surplus posted by cecil casey on June 10, 2003 at 11:29 AM We run into this all the time and the state liens, though superior and should not come into play, often do. Recently, we had a situation where they dragged their feet in paying out the surplus funds to allow other entities the opportunity to come in and execute against it. I suspect the person in charge played a key role in informing those entities of the existence of the funds. So, Ward's answer is correct . . . however, they sometimes figure out a way to get at the money even though they really should just pay it out as the law dictates. Joe Kaiser ForeclosureClues.com Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : We run into this all the time and the state liens, though superior and should not come into play, often do. : Recently, we had a situation where they dragged their feet in paying out the surplus funds to allow other entities the opportunity to come in and execute against it. I suspect the person in charge played a key role in informing those entities of the existence of the funds. : So, Ward's answer is correct . . . however, they sometimes figure out a way to get at the money even though they really should just pay it out as the law dictates. : Joe Kaiser 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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