Your home has been foreclosed on, or sold for failure to pay real estate taxes, what happens next? 2020 has been incredibly difficult for many people, and foreclosures and tax sales are likely to only go up in 2021. It is important to know that you have some rights that are seldom explained. Although, unless you can repay delinquent amounts, there may be nothing to stop the sale of property, you (or your heirs) are not completely out the equity that has accumulated in the real estate being foreclosed upon. It is frequently not shared with homeowners that if your property is sold for more than is owed to the bank or government entity seizing the property, that you (or your heirs) are entitled to any money collected in excess of the amounts owed. This can sometimes be significant money…Read More
