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After a foreclosure, the proceeds from the sale of the property are typically used to pay off the outstanding mortgage and any other liens on the property. If the sale price exceeds the total debt, the remaining funds may go to the former homeowner. However, if the sale does not cover the debt, the lender may pursue a deficiency judgment against the homeowner for the remaining balance. Ultimately, the distribution of funds depends on local laws and the specifics of the foreclosure process.

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What happens to your down payment in foreclosure?

The money is gone after foreclosure.


Can a bank take your money from bank after foreclosure?

no


Who initiates a foreclosure?

The bank that loaned the money initiates the foreclosure when the debtor fails to make the payments. Generally, the bank is represented by a law firm that specializes in foreclosure and the law firm begins the procedure.The bank that loaned the money initiates the foreclosure when the debtor fails to make the payments. Generally, the bank is represented by a law firm that specializes in foreclosure and the law firm begins the procedure.The bank that loaned the money initiates the foreclosure when the debtor fails to make the payments. Generally, the bank is represented by a law firm that specializes in foreclosure and the law firm begins the procedure.The bank that loaned the money initiates the foreclosure when the debtor fails to make the payments. Generally, the bank is represented by a law firm that specializes in foreclosure and the law firm begins the procedure.


How do you bid on cleaning out a reposed home?

How to start a foreclosure cleaning business www.Cleaningforeclosures.com has all the information you need to start a foreclosure cleaning business .Everything you need to know can be found at www.cleaningforeclosures.com ,clean foreclosures ,foreclosure cleanup business, ebook,INSTANT DOWNLOAD,Good Money, hard work, MAKE BIG MONEY NOW!!! evergreen biz,Learn how to clean foreclosures for a living and never have to work for anyone else again ever.Start your own foreclosure cleanup business right now!!!! Go to www.cleaningforeclosures.com to meet me the foreclosure cleanup expert Make big money now!!! www.cleaningforeclosures.com


What happens after a judgement of foreclosure on a mortgage?

although itis principle of law that amortgage isalways mortgage.but foreclosure is rule due to which the last benificiary receive the money from property after using his right of foreclosure.

Related Questions

What happens to your down payment in foreclosure?

The money is gone after foreclosure.


How do foreclousers work?

Generally peoples go for foreclosure due to shortage of money. its an open bidding for purchase a home.


If you have a lien on the house going into foreclosure will you get your money?

No


Can a bank take your money from bank after foreclosure?

no


Who initiates a foreclosure?

The bank that loaned the money initiates the foreclosure when the debtor fails to make the payments. Generally, the bank is represented by a law firm that specializes in foreclosure and the law firm begins the procedure.The bank that loaned the money initiates the foreclosure when the debtor fails to make the payments. Generally, the bank is represented by a law firm that specializes in foreclosure and the law firm begins the procedure.The bank that loaned the money initiates the foreclosure when the debtor fails to make the payments. Generally, the bank is represented by a law firm that specializes in foreclosure and the law firm begins the procedure.The bank that loaned the money initiates the foreclosure when the debtor fails to make the payments. Generally, the bank is represented by a law firm that specializes in foreclosure and the law firm begins the procedure.


How do you bid on cleaning out a reposed home?

How to start a foreclosure cleaning business www.Cleaningforeclosures.com has all the information you need to start a foreclosure cleaning business .Everything you need to know can be found at www.cleaningforeclosures.com ,clean foreclosures ,foreclosure cleanup business, ebook,INSTANT DOWNLOAD,Good Money, hard work, MAKE BIG MONEY NOW!!! evergreen biz,Learn how to clean foreclosures for a living and never have to work for anyone else again ever.Start your own foreclosure cleanup business right now!!!! Go to www.cleaningforeclosures.com to meet me the foreclosure cleanup expert Make big money now!!! www.cleaningforeclosures.com


I need $2,000 to keep my home out of foreclosure is there any help?

ie there any organizations that will give money to help a family out of foreclosure/


What happens after a judgement of foreclosure on a mortgage?

although itis principle of law that amortgage isalways mortgage.but foreclosure is rule due to which the last benificiary receive the money from property after using his right of foreclosure.


If your house was in foreclosure what would be your greatest need?

My house is going through foreclosure. My biggest need is money to move and finding a place to rent.


Should I buy a foreclosure from a bank?

The only way to buy a foreclosure is through the bank. If you want to save money you can try to pay in cash.


What happens to the all the money collected on a house if sold in a foreclosure sale?

The mortgage company gets the money.


How many can a home mortgage go into foreclosure?

three