Foreclosure costs will include all outstanding principal, all delinquent interest, escrow advances, unpaid late charges, unpaid returned check fees, inspection fees, maintenance fees, winterizing fees, HOA fees, utility costs, any repairs made, court costs, attorney fees.....so unlikely any funds will be remaining.
^^^ How can one conclude that it is unlikely any funds will be remaining with such limited information?
OP has told us that property "Sold for $180k" and "foreclosure amount which includes tax & insurance cost is about 115k" so $65k is a big gap for penalty, fees, legal costs, etc.
I conclude it is unlikely due to 30 years in the business and have dealt with hundreds of foreclosures. I said unlikely. Not impossible. [MOD EDIT]
Not an oops. Again, I said unlikely. What's your point?Oops.
I was not off at all. Unlikely does NOT mean it can't happen. I've seen it happen, but it's rare. I stand by my statement. I know what I am talking about. Again, what is your point in belaboring this?No worries, you were only $42k off.