Any surplus will go to Holding llc.

@Bill O'Donnell I've worked in the insurance industry and have only dealt with TAPCO and Loyds of London for surplus lines.

Otherwise google “building material surplus” / scratch and dent” and your ZIP code

But due to the "stay at home" lockdown here in NY, our expenses are down over $1,000 month, and if we include our employed daughter who spend every dollar she earned on her full time job while living rent free with us, she now has a surplus of $1,000 month, so we're in fact ahead as a family.What should we do??

@Chase Whitney 1) Decide you will be an investor 2) Educate 3) Research house-hacking if you are looking to invest in long term rentals 4) Focus on increasing your income 5) Increase your Savings rate 6) Invest your surplus

:you are talking about surplus after foreclosure sale. my experience : 1st mortgage was 2K. opening bid 2K. after a little bit of going back and forth with local investors I grabbed it for 35K on auction. so there is  surplus of $X after deducting cost of publishing, attorney costs etc. what happens next. the surplus is deposited with crook county treasurer and everybody who was a lien holder has a shot at it. who gets paid in which order ?...

Buy from Builders surplus or close outs if you have a chance.

If there is a surplus, we give the tenant the choice of leaving it in the fund (i.e. winter is approaching) or having it applied toward the next month's rent.

The document you saw filed probably had more to do with collecting the surplus money in the Clerk's account from the overbid....in ay case that document is irrelevant to their mortgage claim.

In the event M(1) forecloses and M(1) joins M(2-3), then any surplus from sale automatically accelerates and M(2-3) rights to the property are discharged.