Surplus funds, also known as excess proceeds, are the remaining money from a foreclosure or tax sale after all debts and liens on the property have been paid.
Downtown Portland’s Dossier Hotel faces foreclosure again due to lingering debt and a slow recovery in the city’s hospitality market. Will the upscale hotel find a buyer or face a similar fate as other struggling hotels in the area?
The Tennessee attorney general’s office says it turned over its investigation into the failed sale of Elvis Presley’s home Graceland at a foreclosure auction to federal authorities