If there is money left over after all creditors have been paid, the homeowner may seek return of those funds from the sheriff. At other times, another party may have a co-ownership interest in the property (or even a homestead exemption claim) that may not be subject to the mortgage. In these cases, the co-owner should take immediate action to protect the interest in the funds from a foreclosure sale.1
- 1See, e.g., Am. Thrift & Fin. Plan, Inc. v. Valteau, 576 So. 2d 598 (La. App. 4 Cir. 1991).