Can we still recover the excess proceeds?

Asked by hserfm, San Ramon, CA Mon Feb 4, 2013

Our house was foreclosed on 13 months ago. We just found out the selling price was $400,000 but the total debt was only $60,000. That is $340,000 more that what was owed to the bank. Can we still recover these excess proceeds? Who would we contact?

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Steven Ornel…, Agent, Fremont, CA
Tue Feb 5, 2013
Hi hserfm:

I'm thinking an initial consultation with a Real Estate Lawyer may be in order.

Did you not consider selling?

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