What happens if you default on a mortgage and they sell your house for more than you owe?

What happens if you default on a mortgage and they sell your house for more than you owe?





Say the band sells your house for $300K, and you only have $50K left on the mortgage. Do you get your $250K?What happens if you default on a mortgage and they sell your house for more than you owe?
Yes. After all expenses, late payments, late payment fees, etc. you get what is left over.What happens if you default on a mortgage and they sell your house for more than you owe?
yeah why would you let the house go to foreclosure if you had that much equity??





Well you would probably get back any balance after all the fees were paid.





I found some foreclosures here that were steals
In the UK you would get the balance minus all the ludicrous fees that the bank add on.
You get the balance.
the go to a strip club and party...