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Where can I download all those question & answers?? Please
I am confused: After the foreclosure, the borrower/owner is not entitled to the excess of the mortgage debt? Can someone clarify it?
Since the fee simple ownership is transferred to the lender after foreclosure, the borrow doesn't have any ownership on the property, hence not entitled to any proceeds from the foreclosure.
Where can I download all those question & answers?? Please
I am confused: After the foreclosure, the borrower/owner is not entitled to the excess of the mortgage debt? Can someone clarify it?
Since the fee simple ownership is transferred to the lender after foreclosure, the borrow doesn't have any ownership on the property, hence not entitled to any proceeds from the foreclosure.