How to find out if the mortgage company that foreclosed your house has made a profit which you are entitled to?

Obviously, a lot of people are posting answers that obviously don't know how foreclosure sales work.





You DO NOT forfeit rights to profit...this is a myth.





You are LEGALLY entitled to any and all profit.....IF profit exists.





The laws changed about 30 years ago....due to the fact that banks used to speed up the foreclosure process if you had a lot of equity in the home...now the bank doesn't make anything but their expenses back plus the loan balance.





30 years ago, a bank would start a foreclosure process if you were only 30 days late...they would keep sometimes hundreds of thousands in unearned profit...the laws changed and this simply, no longer happens.





Go down to the courthouse and find out who the Trustee was (which is usually an attorney or a law firm) and their contact information...you are legally entitled to see how the money exchange was handled regarding the foreclosure sale.





Your former lender should also have a copy of this information.





Understand, that during a foreclosure, you owe far more money than simply your principle balance....you owe the fees the bank had to spend in the foreclosure process, which can be thousands of dollars for an attorney, filing, advertising, cleaning, Realtor commissions...ALL of that gets charged to you.





So after ALL of that gets paid....whatever is left, is the profit.





More often than not, there is very little of it..if any. But even if it's $1.00....you get it.





The Trustee can charge you to see the paperwork (request a copy)...but you have a legal right to see it.How to find out if the mortgage company that foreclosed your house has made a profit which you are entitled to?
Once you are foreclosed, you forfeit all rights to any ';profit.';How to find out if the mortgage company that foreclosed your house has made a profit which you are entitled to?
with all the attorney fees involved it would be doubtful they made any profit!
If they make a profit, they keep it.
Once a house is foreclosed on......you no onger own it