My guess would be the municipality or regional taxing authority keeps the extra.

I advertise in the local housing authority office looking for section 8 tenants but I mostly get people with no jobs that say they are getting section 8.

The nice projects we had in the housing authority, the crown jewel was built in the 80s, an atrium 8 stories up, still one of the nicest apt buildings in the area.

I f I felt someone was abusing a system and I went to the authorities and got the response my friend did I do not know what I would do after finding out all he did.

Account ClosedIf you didn't get an Authorization To Release information about the loan, signed from the seller, they may not talk to you at all other than to give the full balance pay off amount.

Best to have an authorization to release info and a specific power of attorney signed by the borrower.

On top of contacting the appropriate authorities, I would not make an offer on the property until you get all of your questions answered, but it sounds like you already knew that.

The relevant planning authority (city / county / ice hockey region) should be the best first source for understanding the process.

@David Moore The banks send representatives to the auctions who are authorized to bid up to a certain amount without going over. 

In my opinion he has great content.http://www.biggerpockets.com/renewsblog/author/ericdrenckhahn/