Can Foreclosure Surplus Funds Pay Old Judgments or Liens? | NC

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Q: Can foreclosure surplus funds be used to satisfy old judgments or liens so they stop accruing interest? A: Yes. In North Carolina, foreclosure surplus funds can be used to pay valid judgment creditors or lienholders if they have an enforceable priority claim to the surplus. Those claims usually get paid before any remaining money is released to the former owner or another claimant. But the…