Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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I know that in some states the bank can come after you for the deficiency that may occur if sold for less at auction.  What happens if the house is sold for more than is due?  Does the foreclosed owner get that excess?  Now what happens if the house was not sold at auction, reverted back to bank and then assigned to an REO agent.  Lets say the house sold on the REO market is sold for more than foreclosed owner owed, who gets the excess?  And if sold for less on the REO market, can the bank go after the foreclosed owner?

In both cases if sold for less, they come after you.  So if there is an excess in both cases, shouldn't the former owner get the excess money?  And what would happen to that excess in non-deficiency states?  Thanks.
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