The property was sold at foreclosure sale for more money

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Robert and Sherrell Bergeron gave a first mortgage on their property to First Colonial Bank and a second mortgage to Ford Motor Credit Company. When the Bergerons were unable to pay the mortgage, the bank foreclosed. The property was sold at a foreclosure sale for more money than the Bergerons owed the bank. The Bergerons claim that they are entitled to the surplus funds from the sale.

Reference no: EM131354064

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