If there is anything left over they do. If it's a 100k house the key
Is what is the mortgage balance. 25k in arrears on a mortgage of how much? $25k I’m arrears only tells u how much needs to be paid to keep house from being foreclosed on.
If house sells at auction for 100k, mortgage is 50k, closing costs and attorney fees are 10k the owner gets $40 k back after sale.
If house sells for 100k, mortgage is $98k, fees $10k owner gets nothing and can be sued for other $8k,
Hope that helps
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