If A Foreclosed Home In Tx Goes To Auction, And Sells For More Than The Bank Lien Amount, Who Gets The Profit?
In Texas at the auction, if the foreclosed property sells for more than the mortgage lien and fees, who gets the profit. The mortgage company or the owner/borrower?
What Happens After Foreclosure
What happens after foreclosure will vary and depends in large part on what state you live in. Some states have a redemption period , which allows the original home on or to buy back their property.
See more here:
What Happens After Foreclosure