Can a Bank Challenge My Surplus Funds Claim? | NC

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Q: Can a bank or other interested party challenge my claim to surplus funds? A: Yes. A bank, lienholder, judgment creditor, heir, former owner, or another person can challenge your claim if they say they have a legal right to the foreclosure surplus funds. But they must show more than a simple objection. They need a legally recognized interest, such as a recorded junior lien, a judgment lien, an…