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Can I claim foreclosure surplus under a residuary clause? | NC

Pierce Law Group

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Q: Does a residuary clause give me any right to money from a foreclosed property if the house was specifically devised in the will? A: Usually, no. Under North Carolina law, foreclosure surplus funds usually follow the ownership interest in the property, not the general residuary clause in a will. A residuary clause covers what is left after specific gifts, debts, expenses, and other…

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