Tue Jul 29, 2014 by Oppenheim Law on Florida Law News
The majority of the proceeds from a foreclosure sale recently ended up in an unlikely set of hands. Out of the $184,000 winning bid placed at a Miami foreclosure sale in March 2013, a surplus of $99,500 existed after the foreclosing mortgage holder’s judgment was satisfied. The debt that was paid by the sale was for a second mortgage. The […]