In some foreclosure cases, a property is sold for more than the total amount owed. When this happens, surplus funds may remain and could be owed to the former owner or other entitled parties.
When a foreclosed property is sold at auction, the proceeds are used to pay off the mortgage balance, legal fees, and other costs. If the sale price exceeds these amounts, the remaining balance is called a foreclosure surplus.
These funds are held by the court or county and do not automatically get sent to the entitled party.
In many cases, individuals are unaware that surplus funds exist. Notices may be sent to outdated addresses, or the process to claim the funds may be unclear or confusing.
We review foreclosure and court records to determine if surplus funds may exist.
We verify ownership, timelines, and documentation requirements.
If eligible, we guide you through the claim process from start to finish.
