What happens if a foreclosed home sells for more than the mortgage balance?
August 28th, 2008 By Peter G. Miller
If there is a surplus from the sale it will go back to the owner — but don’t forget that the lender will want not only the remaining loan balance but also the fees and costs associated with the foreclosure.
Please see an attorney immediately to determine your rights and leverage if you face foreclosure.
© Copyright 
Comment by commecicommeca on 10 December 2008:
Foreclosed house selling for more than the mortgage price? What planet are you people living on? Have you been paying attention at all? Enjoy your Koolaid, there’s not very much of it left.