Recovery surplus

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Exploitation surplus , outdated / Austrian legal language Hyperocha is a term from the world of finance and credit. If the value of a security (e.g. mortgage or claim) is higher than the loan granted in the event of liquidation, the guarantor has a residual claim against the "liquidator" for the difference. This difference is called Hyperocha . This term is rarely used today and is referred to in the parlance as "recovery surplus".

Example:

A mortgage over 100,000 euros is mortgage- backed. Since the mortgage goes bad, the bank applies for a foreclosure sale. The foreclosure auction brings 110,000 euros as proceeds - the difference of 10,000 euros - adjusted for the costs of the procedure - is called Hyperocha and is due to the borrower or debtor . In addition to the surplus, there are the already repaid mortgage shares, which the borrower has made by paying the current annuity and for which he has formed owner land charges.