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After the foreclosure sale, if the property sells for a higher price than what is owed, the excess funds would then be used to pay off any additional liens that may be on the property.
TEXAS IS A REDEEMABLE TAX DEED STATE When they sell that, youll actually get the deed to the property. However, it is redeemable. Its a redeemable deed. So for 180 days, that property owner can come in and redeem the property.
Foreclosure and Keeping Your Equity You dont forfeit the equity in your property after banks auction off your home in foreclosure. However, once the home is sold at auction, the adverse effects of foreclosure will chip away at that equity before you are paid the remainder.
In Texas, the right of redemption applies only to delinquent tax sales. There is no right of redemption for mortgage foreclosure sales. Anyone contemplating purchas- ing property at a tax sale should be aware of the provisions in the Texas Constitution and the Texas Property Code as amended.
After the foreclosure sale, if the property sells for a higher price than what is owed, the excess funds would then be used to pay off any additional liens that may be on the property.
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After the foreclosure sale, if the property sells for a higher price than what is owed, the excess funds would then be used to pay off any additional liens that may be on the property.
In Texas, the right of redemption applies only to delinquent tax sales. There is no right of redemption for mortgage foreclosure sales. Anyone contemplating purchas- ing property at a tax sale should be aware of the provisions in the Texas Constitution and the Texas Property Code as amended.
After a foreclosure, any surplus funds get distributed to lienholders and the former homeowner.
Californians may inquire about unclaimed surplus funds with the California State Controller at 1 (800) 992-4647. Remember: prior homeowners are notified of possible surplus funds via mail. It is important for you to report a forwarding address with the U.S. Post Office once you vacate the foreclosed property.
Trustees forward surplus funds to the states unclaimed property division if theyre not able to contact the prior homeowner(s). Californians may inquire about unclaimed surplus funds with the California State Controller at 1 (800) 992-4647. Remember: prior homeowners are notified of possible surplus funds via mail.

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