Introduction to Foreclosure Surplus Funds Foreclosure surplus funds refer to the remaining proceeds generated from the sale of a property that has undergone foreclosure, specifically after all outstanding debts and costs have been settled. In New Hampshire, when a property is foreclosed and auctioned, the sale often results in a figure that exceeds the total … Read more
Understanding Foreclosure Surplus Funds Foreclosure surplus funds refer to the excess proceeds generated from the sale of a property during a foreclosure auction. In situations where a property sells for a price greater than the total amount owed on the mortgage, the surplus funds emerge. This scenario can occur due to various factors, such as … Read more
Introduction to Foreclosure Surplus Funds Foreclosure surplus funds refer to the excess amount realized from the sale of a foreclosed property above the outstanding mortgage balance and related costs. When a property is sold at foreclosure, it may fetch a price greater than what is owed to the lender. This scenario results in surplus funds, … Read more
Understanding Foreclosure Surplus Funds Foreclosure surplus funds arise when a property is sold at a foreclosure auction for an amount that exceeds the total debt owed by the homeowner. During the foreclosure process, the mortgage lender initiates proceedings to recover the outstanding balance on the loans secured by the property. When the property is eventually … Read more