Estimate the money left over from a sale
Enter what the property sold for and what was owed against it. You will see what may be left for the former owner. It is an estimate, not what a court will release.
The winning bid at the auction or trustee sale.
What was owed on the loan that foreclosed, or the tax judgment.
Trustee, advertising and court costs.
A second loan, a home equity loan, HOA dues or a recorded judgment.
Estimated surplus
$43,898
Of a $231,000 sale, $187,102 pays the debts and costs you entered. About $43,898 may be left for the former owner.
An estimate only. The real amount depends on the sale record, the payoff on the day of the sale and any liens you may not know about. Only the court or trustee decides what is released.
What an estimate can miss
The figures in the court or trustee’s file decide the real amount. These are the usual reasons it differs.
- The payoff on sale day
- A loan payoff can include interest and fees up to the day of the sale, so it is often higher than the last statement.
- Liens you may not know about
- Second loans, home equity loans, HOA liens and recorded judgments are paid before the former owner.
- The order of payment
- After a tax sale, the taxes and costs come first, then recorded lienholders by priority, then the former owner. After a foreclosure, the debt and costs come first, then junior liens, then the former owner.
- Who may claim it
- The former owner, or the heirs if the owner has died. Each claim needs proof of who is entitled.
About the estimate
How accurate is this estimate?
It is only as good as the numbers you put in. The real figure comes from the sale record and the court or trustee, after every debt and lien is paid in the order the law sets.
Where do I find the sale price?
For a tax sale, the county or court records show the sale price and the amount set aside. For a mortgage or HOA foreclosure, the trustee or court that handled the sale has the figures. We look these up for free.
What if the result says nothing is left?
Then the debts you entered add up to more than the sale price. Owners are not always sure what was owed at the time of the sale, so if you are not certain, ask us to check the real record before you rule it out.
Get the real numbers
Give us the property address and we will look up the sale record for free. Or call (817) 308-1202.
Or call (817) 308-1202