Less Than Full Proceeds of Sale

Oakland County, Michigan Tax Foreclosure Settlement

Oakland County, Michigan is spending $38 million to settle a class action alleging that when it foreclosed on properties for taxes owed, if the sale brought in more than the owed amount, it did not refund the difference to the former owner. The complaint alleged that it should have kept only the owed amount and  Read more

Philadelphia Foreclosures Excess Proceeds Settlement

The City of Philadelphia is settling a class action alleging that its Sheriff did not always returns excess proceeds from foreclosure sales to the former property owner. Normally, if the proceeds from a foreclosure sale exceed the amount of the owed mortgage, sale costs, and liens, the excess proceeds left over after these costs were  Read more