If home is sold at Trustee Sale for more than the loan amount, does the owner have right to that money?greenspun.com : LUSENET : Repossession : One Thread |
GMAC lender
-- Patricia Monfort (sanjac1582@aol.com), November 13, 2003
I HAVE HEARD YOU ARE ENTITLED TO IT. IT IS THE SURPLUS I BELIEVE THEY CALL IT. I WAS TOLD TO CALL THE PLACE WHO HAD THE SALE. I DIDN'T CALL BUT THEY SENT ME A FORM TO FILL OUT. THEY SAID IF I DIDN'T RETURN IT IN A MONTH THE PROCEEDS WOULD GO TO ANOTHER CLAIMANT. I DON'T WANT TO TOUCH IT UNTIL I KNOW FOR SURE THEY DID EVERY THING LEGAL. I FEEL THERE WAS ALOT OF MONKEY STUFF...
-- JUDY V C (JVCCH@YAHOO.COM), March 18, 2004.