Escrow & Title
In NC, when a property is sold via a deed of trust foreclosure, excess proceeds after paying the debt go to:
AThe trustee as compensation
BThe lender as additional profit
CThe former owner (borrower)✓ Correct
DThe county government
Explanation
After a foreclosure sale, proceeds are applied first to foreclosure costs and fees, then to the outstanding mortgage debt. Any surplus (excess) proceeds belong to the former owner (the borrower/trustor).
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