InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Ultimately such unclaimed funds escheat to the state... Posted by Ward-CA- on December 22, 2003 at 0:16 AM In Reply to: Post-foreclosure funds in probate posted by chris on December 21, 2003 at 10:56 PM : What happens to the post-auction $$surpluses (after all liens are paid) of a foreclosed property that is currently in probate administered by the County Public Administrator? : For that matter, what happens to any money left in an estate being handled by the Pub. Admin.? : If no heirs exist, or if no heirs care enough to become administrator, where does that money end up? ==================== Chris, The funds are held by the Public Administrator on behalf of the estate for a set period of time. After that the funds escheat to the State of California. Follow Ups: Re: Surplus funds of heirless (not "hairless") deceased trustors Rick H 8:09 AM, 12/22/03 (5) Rick: Do Bald Headed Guys........ Bill H 11:45 AM, 12/22/03 (0) Rick: Do Bald Headded Guys........ Bill H 11:43 AM, 12/22/03 (0) Re: Surplus funds of heirless (not "hairless") deceased trustors Chris 9:40 AM, 12/22/03 (2) Re: Surplus funds of heirless (not Rick Harmon 12:08 AM, 12/22/03 (1) Re: Surplus funds of heirless (not Chris 6:47 PM, 12/22/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : What happens to the post-auction $$surpluses (after all liens are paid) of a foreclosed property that is currently in probate administered by the County Public Administrator? : : For that matter, what happens to any money left in an estate being handled by the Pub. Admin.? : : If no heirs exist, or if no heirs care enough to become administrator, where does that money end up? : ==================== : Chris, : The funds are held by the Public Administrator on behalf of the estate for a set period of time. After that the funds escheat to the State of California. 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

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