If my forclosed house sold for 25k more than i owed, Do I receive money back?and if so,where would I find it ?

Question

If my forclosed house sold for 25k more than i owed, Do I receive money back?and if so,where would I find it ?

Answer 1

You would, if the sale price was more than your debt, plus accumulated interest, fees, legal fees, commissions, etc.  That $25 k gets eaten up pretty darn quick.

Contact the bank.

Answer 2

Contact the mortgage lender but since they foreclosed I would think the house belongs to the bank nowany extra they get belongs to them.

Answer 3

YOU WILL NOT!.

There were 2 transactions involved here.

The transfer of the house from you to the bank and the transfer of house from the bank to the new owner.

If the foreclosure resulted in you owing them money, you will need to pay this (and the IRS tax on this amount).  

What the bank sold it for to the new owner is of no concern to you.

Answer 4

You would receive nothing, since house was foreclosed and the bank had possession.

Answer 5

Contact the Solicitors that handled the foreclosure for the finance company,they will have all the details.