Here is a little tidbit showing how assets can be hidden from the rightful owner.
The bad news is that you lose properties in a foreclosure. Can it get worse? Yes, and it does. The proceeds from the sale after all the liens have been satisfied, are not returned to the original owner of the property. Unfortunately for New Jersey residents, that’s happening far too often. Other states may also be doing this, but have not come forward with the data.
New Jersey maintains the unclaimed money in a trust fund that contained $272.8 million last fall.
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Here is a little tidbit showing how assets can be hidden from the rightful owner.<\/p>\n\n\t
<\/p>
The bad news is that you lose properties in a foreclosure. Can it get worse? Yes, and it does. The proceeds from the sale after all the liens have been satisfied, are not returned to the original owner of the property. Unfortunately for New Jersey residents, that’s happening far too often. Other states may also be doing this, but have not come forward with the data.<\/p>\n\n\t
<\/p>
New Jersey maintains the unclaimed money in a trust fund that contained $272.8 million last fall.<\/p>\n\n