Foreclosure surplus?

[thatguy]

I know too much about this place. It's too easy to nit pick. Most of what I see looks pretty good.
Might have had more opinion if I could have entered the home. Last time I was inside for a look was before 3+ years ago

 

[thatguy]

Well we've not received any communication about it yet but I can see, online, the courts order to make payment. Might be new car time.

 

[thatguy]

Realty listing shows the house sold for $355k.

Got the surplus check. $42k.

 

[pb4uski]

Congratulations!

 

[pb4uski]

Oops.

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]

 

[MissMolly]

Oops.

Not an oops. Again, I said unlikely. What's your point?

 

[pb4uski]

No worries, you were only $42k off.

 

[MissMolly]

No worries, you were only $42k off.

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?