What if the bank sells the house for more than you owe on the foreclosure?

If the bank sells the house for more than you owe. First, if you owe any other mortgages they will get paid first. After all of the liens of your property have been paid, the borrower(you) receives the rest example you owe 100,000 on mortgage 20,000 on equity line the house sells for 150,000 mortgage and equity line get paid off.

And you receive the difference of 30,000 dollars.

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