What happens to the excess proceeds?

If a parcel is sold at a foreclosure auction for more than the amount owing, the surplus money can be claimed by the previous record owner. This is the party who held title on the day that the Certificate of Delinquency was filed. They have up to three years from the date of the sale to make their claim. (RCW 84.64.080)

Show All Answers

1. What is Tax Foreclosure?
2. When are Foreclosure sales held?
3. How can I find properties listed in Foreclosure?
4. What happens to liens against the property?
5. How long does it take to get a deed?
6. Can prior owners redeem their property after Foreclosure?
7. What happens to the excess proceeds?
8. What happens if there is no bid for a property at the Foreclosure sale?