Home Foreclosures: 10.5.3 Steps Homeowners Should Take
The former homeowner should evaluate other parties’ claims to the surplus. A successful challenge that reduces the amount to which a lienholder is entitled increases the share available to the homeowner, unless even the reduced amount going to junior lienholders uses up all the surplus. In particular, review lienholder claims for fees and costs associated with foreclosure,381 or a lienholder’s failure to properly rebate pre-computed interest or insurance premiums.