you'd have to get an assignment from the prior owner to put a claim on the surplus or record the deed prior to the sale making you the last person on record and when it forecloses you'd be entitled to any surplus if any after the sale. where i live it takes up to 1 year for the county treasurer to pay surplus claims.
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It is where I am, and collect overages for a living. Where are you located?
bigger-
I do overages. Where are you located?
What do you mean by overages as this pertains to foreclosure? Trying to learn.
Thanks.
I believe what is being refered to is when whats owed on the mortgage is more than what the house is worth.
No, an overage occurs when a third-party bidder purchases a property at foreclosure sale for more than the judgement amount.
you'd have to get an assignment from the prior owner to put a claim on the surplus or record the deed prior to the sale making you the last person on record and when it forecloses you'd be entitled to any surplus if any after the sale. where i live it takes up to 1 year for the county treasurer to pay surplus claims.
Can some explain the process in doing this? I would like to start but have no idea how, what it cost, or any other information on this?
Please feel free to email me. Thanks for the information.
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