Do credit card debts reduce my foreclosure surplus funds? | NC

About this video

Q: What happens to other debts like credit cards when surplus funds are being calculated and distributed? A: ...In most cases, they do not get paid from the surplus automatically. Foreclosure sale money is applied in a set order—first the costs and expenses of the sale, then certain taxes or assessments if they apply, and then the foreclosing loan. Only after those required items are paid do you…