Posted on: 30th Oct, 2013 12:37 am
Hello there... What will happen to the extra money which the lender gets if my condo is foreclosed for more than what I owed?
Hi Rossette,
The lender will deduct the amount owed, attorney charges and other fees and give you back the extra amount through a check.
Thanks,
Jerry
The lender will deduct the amount owed, attorney charges and other fees and give you back the extra amount through a check.
Thanks,
Jerry
Hi Rossette!
Welcome to the forums!
It should be noted here that the attorney charges and other fees are so high that the borrower may hardly get anything from the excess amount.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
It should be noted here that the attorney charges and other fees are so high that the borrower may hardly get anything from the excess amount.
Feel free to ask if you've further queries.
Sussane