What Happens During Foreclosure? In a foreclosure, a property is sold at auction. The bidder making the highest bid will take the title of such property and the previous owner faces eviction. But there may be good news for the prior owner. Many people are not aware that they can claim surplus funds from a foreclosure sale. Under California foreclosure law, a trustee must contact a prior homeowner with notice of foreclosure surplus funds; returning any equity that remained from the sale of the … [Read more...] about How to Get Money Back from Foreclosure Sale