Posts Tagged ‘home equity’
What Happens to My Equity in a Foreclosure Auction?
Surplus above your payoff after a foreclosure auction is legally yours, but auctions often sell low so your equity is at risk. Selling before the sale protects it.
Read MoreWhat Happens to My Mortgage When I Sell My House?
When you sell, your mortgage is paid off from the sale proceeds at closing through escrow, and anything left over is your equity. Here is exactly how it works.
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