Legal Question in Real Estate Law in California
I owed the bank 421000, home sold for 500000 can the bank keep the profit
Asked on 7/09/13, 6:02 am
3 Answers from Attorneys
Anthony Roach
Law Office of Anthony A. Roach
No. But it would help if you provided more detail, such as whether this was a foreclosure, or you sold and it went through escrow. Those factors may affect what you receive in the end.
Answered on 7/09/13, 10:41 am
William Christian
Rodi Pollock
The bank gets the loan amount and any related costs of collection in most cases. More specifics would require review of the documents involved and the nature of the transaction.
Answered on 7/09/13, 2:33 pm
Generally the bank gets whats owed plus costs and you get the rest.
Answered on 7/10/13, 11:20 pm
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