Contrary to popular belief, banks are only entitled to what they’re owed in a foreclosure sale. If a property sells for more than the outstanding balance, the surplus funds are legally owed to the former owner or legal heirs. However, without proper guidance or legal help, most people never file a claim. Legal professionals are now working to dispel myths and help people reclaim lost funds.
Myth Busting: Banks Don’t Keep the Extra Money from Foreclosure Auctions
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