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Foreclosed Home Sold for over Owed Now what? You have fell about on your mortgage nowadays you reside when you look at the foreclosures. Within sheriff's sales, the financial institution will attempt to offer the home to own as frequently as you are able to score. If it sells for below you owe, you happen to be prone to pay the difference. Exactly what goes whether or not it sells for over you owe? Kansas Foreclosure Rules: Why does they work? Ohio was a judicial foreclosures state. This means that to make sure that a guaranteed cluster (lender) in order to foreclose on the an outstanding assets, it must go ahead by processing an activity inside the courtroom. (more…)