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How can I find money owed through foreclosure sale?

How do I find out about money that I am owed from a sale of a foreclosure property?

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Answer #1

After a judicial foreclosure sale if the property was sold for more than what is owed, the court that sold the property would retain the additional proceeds due to the original owner. The procedure for claiming this money varies by state.

If it was a court ordered foreclosure sale, I would start by contacting the court or court clerk responsible for the sale. In many jurisdictions this information may be online and free to the public. You likely will find a FAQ page related to this issue as it is a common question.

If it is not a judicial foreclosure, then check with the bank that foreclosed.

The fastest and most reliable way would be to contact a local real estate attorney for this answer. Try and find one that will give you a free consult or look for an attorney with a low initial consultation fee.

Answer #2

The best thing to do would be to talk to the bank about it, or the broker of the transaction. However, I’ve never dealt in forclosures myself, so I’m not entirely sure how the process works.

It seems logical, though, that the parties involved in the sale would be able to tell you. There might be fees & an escrow period, so it might not be immediate, but you should be able to find out what the transaction looked like by talking to the people involved (bank, buyer, etc).

Good luck.

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