How do I recover surplus funds after a reverse-mortgage foreclosure? | NC

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Q: How do I recover surplus money after a reverse-mortgage foreclosure sale when the property belonged to an estate? A: Surplus is the money left after the foreclosure sale pays the sale costs, any required taxes or assessments, and the reverse-mortgage payoff. When the homeowner has died, the surplus is usually treated as an estate asset. If the trustee or sale officer cannot safely determine…