[WSBARP] Excess proceeds in judicial foreclosure of DOT

[Craig Blackmon]

'Mates, I spent 10 minutes looking for the answer and decided to just ask
The Group:

If a DOT is foreclosed judicially and sold following a default (or for that
matter any other) judgment, what happens to any excess proceeds following
payment of costs and all junior liens? Are the foreclosed defendants (i.e.
those with a presumed or possible interest in the property) entitled to any
of those proceeds?

I would think not since their interest is extinguished by the judgment. And
obviously there usually isn't any excess. But what if there are - who gets
it?

Thanks for your insight.

Craig


Craig Blackmon, Attorney at Law
FSBO Law Center <http://fsbolawcenter.com>
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