Legal Question in Real Estate Law in Florida

Foreclosure Sale

If a home is foreclosed on and the monies due the lender is $60,000.00 and the house sells for $97,000.00 at the foreclosure sale - who gets the $37,000.00 that is over the amount owed?


Asked on 7/12/04, 1:52 pm

2 Answers from Attorneys
Peter Gonzalez Sanchez-Medina, Gonzalez, Quesada, Lage, Crespo, Gomez & MachadoLLP

Re: Foreclosure Sale

If there are no other liens or recoverable expenses associated with the lender's foreclosure action (attorneys' fees, court costs, title search, etc.), the money should go to the homeowner.

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Answered on 7/14/04, 12:18 pm
David Slater David P. Slater, Esq.

Re: Foreclosure Sale

If there are no other liens, the home owner.

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Answered on 7/12/04, 4:35 pm


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