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Debt Relief – Insolvency – Bankruptcy Information » Foreclosure Help » What happens to the money in the escrow account after foreclosure?

One Response to "What happens to the money in the escrow account after foreclosure?"

  1. Expert Realtor says:
    There is no “extra” money in a foreclosure because you are behind in payments.

    It will be applied to all the other expenses…you signed a paper at closing saying the bank has the right to keep any money left over if you default and owe on your mortgage after your taxes and insurance are paid.

    In fact, your escrow is probably in the negative since you haven’t been paying on your mortgage.

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