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What happens to the funds bid in excess of the bid by the foreclosing lender?

April 26, 2017bid excess foreclosing funds happens Lender

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What happens to the funds bid in excess of the bid by the foreclosing lender?

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The overbid funds generated by the sale are held by the Public Trustee. When all periods of redemption have expired, the overbid funds are distributed in a prescribed order. In the event of a deficiency bid by the lender the overbid funds will reduce the amount of the deficiency.