Legal Question in Real Estate Law in Pennsylvania
Money left over after foreclosure
My home was foreclosed on in 2000, I owed the mortgage company $56,000.00 after excessive fees my balance owed became $77,000.00. No one bidded on the house in the auction so they paid the taxes and sheriff fees of $3,400.00 which was added to my bill. One month after they sold the house to someone for $100,000.00. Who gets the extra funds, the mortgage company or do I get the excess of $22,000.00? Please help! Thank You.
Most Sincerely,
K. S.
2 Answers from Attorneys
Re: Money left over after foreclosure
Unforunately NOT you, rather the mortgage holder. Had you sold the home prior to its foreclosure, you could have received this amount, but no longer.
Re: Money left over after foreclosure
Unless there is something you have left out, the mortgage holder gets the money. Although yyou should have no obligation to them.
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