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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Distribution of the foreclosure auction overbid amount... Posted by Ward-CA- on March 04, 2004 at 6:24 PM In Reply to: Ward...on that subject. posted by Agent 89 on March 04, 2004 at 2:57 PM : Ward, : Typically, what percentage of the overage(s) does the Homeowner collect on? : What's the typical timeframe before any money is dispursed to the Homeowner? : sidebar: this is a top notch website, Ward. : Thanks! ============== The overbid goes downward in a sequential order, paying off each junior lienor in order of priority. If all the junior lienors are paid off and there's still some overbid left, that remaining amount will all go to the ex-owner. Generally the disbursement of the overbid amount to the junior lienors and ex-owner will be completed within a month after the trustee's sale, if there's no disagreement amongst the junior lienors as to who is entitled to what. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, : : Typically, what percentage of the overage(s) does the Homeowner collect on? : : What's the typical timeframe before any money is dispursed to the Homeowner? : : sidebar: this is a top notch website, Ward. : : Thanks! : ============== : The overbid goes downward in a sequential order, paying off each junior lienor in order of priority. If all the junior lienors are paid off and there's still some overbid left, that remaining amount will all go to the ex-owner. : Generally the disbursement of the overbid amount to the junior lienors and ex-owner will be completed within a month after the trustee's sale, if there's no disagreement amongst the junior lienors as to who is entitled to what. : Hope this helps. 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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