How do I find out about if there is any money that will come back to me at sale of property?
The best and easiest way is to attend the actual foreclosure sale and observe. If the final sale bid is more than what you owe plus costs and there are no junior lienors, you should get the difference.
If it is a court ordered sale, you can likely contact the clerk of court and provide your case number and ask what the sale price was and if any excess funds are do to the seller.
You might also contact the bank's foreclosing attorney and ask them after the sale what the final sale amount was and if there is anything due to you.
This information is likely online as well because foreclosure proceedings, like any legal proceeding, are public.
It seems as though your chances of getting money after foreclosure is slim to none. During the foreclosure process, your equity practically dissipates. Not only does the foreclosure usually occur because you owe money, but the money you owe will multiply during the foreclosure process.
Also, when they sell the property at auction, it will have had a low appraisal. The bank wants it to sell low so they don't have to go through the hassle of hiring an agent and selling it.
The money you get is the difference between what the opening bid amount is and what the loan sold for at auction. So if the opening bid is 100,000 and it sells for 125,000 you get the difference - minus fees of course. It has nothing to do with an appraisal or anything. Depending on what you owe and what the value is, you could sell the property or I could refer you to somebody to buy it from you. Giving you money to move out....