When a foreclosure sale generates more money than needed to pay off the lien, the excess proceeds usually go first to creditors in the order of their priority, and second to the owner after creditors are paid in full. So, in truth, not wins when a foreclosure sale brings in too much money.
MORTGAGEE: Wells Fargo Home Mortgage, Inc., a California corporation n/k/a Wells Fargo Bank, N.A., successor by merger to Wells Fargo Home Mortgage, Inc. DATE AND PLACE OF FILING: Recorded on July 16, 2002 as Document Number 359253 in the Office of the County Recorder of Martin County, Minnesota. Foreclosure News
How conflicts of interest on the part of a senior banking regulator, Joseph Otting, help explain why the Community Reinvestment Act is on the chopping block. Joseph Otting, Comptroller of the Currency, prepares to testify during a House Financial Services Committee hearing in Rayburn Building in Washington. Foreclosure News
The Inverness Regional Shopping Center on July 2, was purchased by a new owner who plans to invest $ 500,000-$ 750,000 in improvements to the plaza. The Inverness Regional Shopping Center on July 2, was purchased by a new owner who plans to invest $ 500,000-$ 750,000 in improvements to the plaza. Foreclosure News
Christa Battaglia, right, and Brendan Keating in the duplex they share with their children, Gideon and Fiona, and Battaglia's father, Joseph Battaglia, on Chicago's north side, July 12, 2018. A record 64 million Americans now live in a multigenerational home, according to a Pew Research Center report, up from 32.2 million in 1950. Foreclosure News
Your home equity could keep you afloat in retirement or bail you out in an emergency – but not if you spend it first. U.S. homeowners are sitting on nearlya Your home equity could keep you afloat in retirement or bail you out in an emergency – but not if you spend it first. Foreclosure…
