Thread: house forclosed on , now the bank

My daughter and her husband moved to another state after trying for 2 yrs to sell their house. They tried keeping up payments on 2 houses but eventually couldn't so the house they moved out of was foreclosed on. Today they got a bill for $2500.
She is wondering, did they sell the house for that much less than what was still owed on it? And do they have to pay it?

Best thing for them to do is call the bank and find out what the bill is for and go from there.

Do they have to pay...probably.

Did they abandon the property or did they sign it over to the bank? This might be interest due or maintaince fees but their best bet is to call the bank ASAP.

Most likely, they owe it.
Could be processing fees, could be that the house sold for that much less than they owed, could be repair fees...
They are responsible for the amount due, even if the house is sold. Ifthe house sells for less, they are responsible for the balance.
If there were processing fees to forclosethe house, they are responsible for it... Like service of foreclosure papers, filing fees, and the costs that the mortgage company is out for closing fees, etc.
If the mortgage company had to repair anything prior to the sale (very unlikely, but could happen): they will be responsible.

My last house was a foreclosure: we got for $30 grand less than the original mortgage. And we had to take the house as is.... we did get inspections (on our dime, but we wanted to see what we were getting into).
The original owner had to pay the mortgage company back for the balance, service of foreclosure papers, the closing costs, and some penalties.
I have no idea if they ever collected any money from them... I know I got a great deal on a house