Depends on which State.........

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Posted by JT-IN on February 07, 2010 at 15:20:50:
In Reply to: overage at foreclosure auction posted by Ken on February 07, 2010 at 09:44:19:
Folks who ask a foreclosure question need to include which state the property is located. What IS in one state, ISN'T in another, so ALL answers depend on where the property is located.
As a general rule you would be correct, overage goes to secured Jr lender. But there are exceptions to that rule, partly depnding upon where the property is located, and partly based on whether you acted in a way to protect your rights as a secured lender. Did you in any way answer the complaint so as to protect your rights...?

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Re: Depends on which State......... Ken 15:40:39 02/07/10 (3)

Power of Sale or Judicial Procedure? JT-IN 01:52:33 02/08/10 (0)

Re: Depends on which State......... Bill H 16:35:04 02/07/10 (1)

I agree with Bill... Rick, the Probate Guy 23:59:44 02/07/10 (0)

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