What Happens To Excess Proceeds From A Foreclosure Sale? If a foreclosure sale results in excess proceeds, the lender doesn’t get to keep that money. The lender is entitled to an amount that’s sufficient to pay off the outstanding balance of the loan plus the costs associated with the foreclosure and sale—but no more. What
Can A Loan Modification Stop Foreclosure? Can a loan modification stop foreclosure? Can a loan modification stop foreclosure? Yes, but you must submit your application to the lender at least 45 days before the scheduled foreclosure sale of your home. Additionally, your lender must approve the new terms of the contract, and you can’t miss
Can A House Be Foreclosed On While In Probate? Can a house be foreclosed on while in probate? Yes. A bank can foreclose on a house in probate . The homeowner’s death does not dissolve the mortgage agreement, so the deceased person’s estate must make the mortgage payments. Can a bank foreclose on a deceased