Legal Question in Real Estate Law in Ohio
if my home is foreclosed due to delinquent property taxes and sold what happens to excess funds from sale? I owe 4,500 in property taxes and no mortgage is owed. The home was last valued at 158,000
Asked on 11/20/11, 12:09 pm
1 Answer from Attorneys
Lisa Meier
Law Office of Anthony W. Greco
If there are any excess funds from a foreclosure sale after all liens and court costs have been paid, then you are entitled to the surplus amount. However, the bidder may bid far lower than $158,000.
Lisa K. Meier
Gurtner & Meier, LLC
This response is based on Ohio law and the limited facts you have provided and is not intended to create an attorney-client relationship. I cannot provide adequate advice to you without meeting with you in person. If you would like to schedule a free consultation, please feel free to contact me.
Answered on 11/26/11, 8:40 am
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