Understand how surplus funds from mortgage foreclosures are fairly distributed .
This practical guide explains who is entitled to the money after a sale and how liens and dower rights are prioritized in the process.
This edition walks readers through the historical and current practices used to identify, report, and distribute surplus moneys arising from land foreclosures. It focuses on the procedures courts use, the roles of referees, and how prior interests are protected while ensuring a just allocation of funds.
- Who has a claim to the surplus and how to file it
- How liens are prioritized when funds are distributed
- Rights of widows and other interested parties in the surplus
- Practical steps for obtaining and presenting a distribution order
Ideal for readers seeking a clear, authoritative overview of the rules and practicalities governing surplus moneys in mortgage foreclosures, including historical context and current practice.