Basile, LA asked in Foreclosure and Banking for Louisiana

Q: How can I find out where the proceeds from my house sheriff's sale went?

Principal balance on my house was 75,000. on Dec. 31st it was sold at a sheriff auction on Jan.10th for 125,000. but the bank says there is only 897.00 left after the foreclosure cost. Are foreclosure auction sales that expensive?

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1 Lawyer Answer
Randy Bryan Ligh
Randy Bryan Ligh
Answered
  • Business Law Lawyer
  • Baton Rouge, LA
  • Licensed in Louisiana

A: In addition to the principal, there's also attorney's fees, costs, interests, the seller's (sheriff's charges), and others charges/fees so yes, it is quite possible it was that expensive. You can contact the Sheriff's office and they should be able to provide you an itemization.

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