If a foreclosed home sells for more than what's owed what happens to the profit? | Property Flip

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If a foreclosed home sells for more than what's owed what happens to the profit?

Posted by on Jun 02 | Real Estate Investing Chatter

My home was foreclosed in 2008. I owed approximately 96K, including court and attorney fees. The home recently sold for 119K. My redemption period was over, so the lending bank sold the home through a realtor. Am I entitled to any of the excess monies?, more 


and tenants broke contract and brought a cat to the house – no penalty was written on the contact! toronto area?  hi there. my uncle’s been having some problems with his tenants. they signed a contract with them stating no pets were allowed, but did not cite any penalties for having pets in the house. and the tenants have 2 cats now.
now they want to move out and they live in toronto/etobicoke region (i’m in waterloo, so i don’t know how the leasing laws differ there). what can they do to penalize them for ending the contract early and having pets in the house?
hi there! i spoke with them and he didnt mention anything about a sublet in the contract, will that affect his chances of using that against them?, more 

and Do I need sign Borrowers Certification & Authorization release forms for home loan application ?  I am applying for home loan and one of my lender has sent me:
UNIFORM RESIDENTIAL LOAN APPLICATION
BORROWERS CERTIFICATION AND AUTHORIZATION
AUTHORIZATION TO RELEASE INFORMATION
Do I need to sign the 2nd and 3rd application as well ?, more 

apartment leasing question…?  my brother has an apartment. he cant afford the rent any more. i want to take over the payments for him as i would be moving in and him out. what is the process though???? i know i have to fill out a application and that but what more needs to be done ?, more 

and Bad credit, can i still buy a home?  I’m interested in buying a condo. I make about 80,000 a year and I have about a 500 credit range. I’m trying to pay off all my debt now that I have better income. if i clear all my debt, which is about 5,000, not including student loans (which is about the same amount), would I still qualify? Or should i wait a year or two until my credit gets better?
oh and i would be a first time homebuyer., more 

Tags: repossessed, foreclosure, investing advice, property listings

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