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Updated over 3 years ago,

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12
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1
Votes
Andy Gill
1
Votes |
12
Posts

How to accelerate distribution of excess funds after foreclosure

Andy Gill
Posted

I bought an HOA foreclosure at auction and paid about 24k over the foreclosure amount. The attorney representing a mortgage lien on the house is being coy, saying that they'll send me a payoff for the full mortgage amount but the mortgage company hasn't hired them to go after the surplus funds. They've initiated their own foreclosure, and I'm sure I have months to sort it out, but I'd love to know how to get the mortgage company to initiate their claim so I can pay this off and get the house sold?

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