Category: Foreclosure

After a real estate foreclosure, it’s common for the sale of the property to yield more money than what is owed on the mortgage loan. This excess amount, known as surplus funds, rightfully belongs to the former homeowner. Understanding surplus funds and the process to claim them is essential for individuals who have undergone foreclosure… Read more

Home foreclosure is a distressing event that can happen due to various financial hardships, such as missed mortgage payments, job loss, medical emergencies, or other unforeseen circumstances. Beyond the immediate impact on homeowners, foreclosure also carries significant implications concerning taxes and mortgages. Understanding these aspects is crucial for individuals facing or concerned about this situation.… Read more