Can Mortgage Payments Be Recovered After X Months / Years

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• Is The Period For Claiming Funds Limited

  The time period (time limit) depends on the state. There are some states that allow up to a decade for the funds to be claimed. Most often, these excess funds are with the trustee or court for 12 months and then they go to the state. Check the ...

• After A Mortgage Foreclosure - How Long Are The Excess Funds Available

  This depends on the state (see 50 States Guide in Member's Area). Usually excess funds are held with the trustee or court for 12 months and then they go to the state.

• Can A HELOC Reduce The Monthly Minimum Payments

  Yes, it can reduce the monthly minimum payments and as time goes on the monthly minimums will continue to decrease as the principal balance is lowered. In fact, most HELOCs only charge an interest-only payment that is typically much less than a ...

• What Happens To The Note When Refinanced During Recovery

  If a person has a note sent for satisfaction on LOAN #1, then they refinance into LOAN #2 during the recovery period (~12 months), the funds will simply be applied towards the current note, NOTE #2. That same person will also be able to recover NOTE ...

• When Is The Overage Created For Tax Lien And Tax Deed States

  In tax lien and tax deed states which have a redemption period, the overage is created only after the redemption period expires.