After Sheriff Sale.
Thanks in advance. If the house is sold more then owned on the mortgage by people who are in foreclosure, do the homeowners get the remining of the money after the sale? :-?
Thanks in advance. If the house is sold more then owned on the mortgage by people who are in foreclosure, do the homeowners get the remining of the money after the sale? :-?
Normally any funds in excess of the foreclosed amount does go to the homeowner, but this can be dependant on other issues such as other lien holders, bankruptcy, and so on
[addsig]
why I asked is because I find most of the people who are in foreclosure in the area where I live aren't motivated at all. Probably they know that house is going to be sold at action for more then what's own on the mortgage. I don't know how to go around it really. Nobody is motivated!!
It sounds to me like the problem is not motivated sellers as any one in foreclosure is motivated you just need to know what will motivate them and this can only be open dialog.
I would suggest getting a recorder and record you self during this process and see how you sound and continue to make adjustments until you hit pay dirt.
How do you know homes are selling for under value?
[addsig]