Neighborhood of Houses - Foreclosure Surplus Recovery in Texas

Foreclosure Surplus Recovery in Texas

What is a Foreclosure Surplus? When a property gets foreclosed on, it gets sold at an auction to try and cover the unpaid debt attached to it. Let’s say a property has a $250,000 mortgage on it. If it gets sold at a foreclosure sale for $300,000, then there is a surplus of $50,000. That’s […]

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