Procedures

State-by-State Surplus Fund Rules

State-by-State Surplus Fund Rules and Filing Procedures

Navigating the process of claiming surplus funds after foreclosure can be confusing. In this guide, we’ve compiled a breakdown of the filing procedures, redemption periods, and court rules for each state. Whether you’re a homeowner seeking your surplus funds or an attorney helping clients, this guide will help you understand the necessary steps and timelines involved in claiming surplus funds.

  • Surplus Fund Rules: Funds are returned after 3 years if unclaimed.
  • Filing Procedures: File claim with local court; submit proof of ownership.
  • Court Filing Practices: The court requires a formal petition.
  • Redemption Period: 3 years
  • Court Link: California Court
  • Surplus Fund Rules: Surplus funds must be claimed within 1 year.
  • Filing Procedures: Submit request to the Clerk of Court.
  • Court Filing Practices: You must file a motion in civil court.
  • Redemption Period: 1 year
  • Court Link: Florida Court
  • Surplus Fund Rules: Unclaimed surplus funds are held for 3 years.
  • Filing Procedures: Court filing with evidence of surplus claim.
  • Court Filing Practices: Requires a formal petition and supporting documents.
  • Redemption Period: 3 years
  • Court Link: Texas Court
  • Surplus Fund Rules: Surplus funds not claimed in 3 years go to the state.
  • Filing Procedures: File petition with the court, with documentation.
  • Court Filing Practices: Submitting your claim may require a hearing.
  • Redemption Period: 3 years
  • Court Link: New York Court
  • Surplus Fund Rules: Funds must be claimed within 2 years.
  • Filing Procedures: File a petition in court.
  • Court Filing Practices: Claimants must submit proof of identity and ownership.
  • Redemption Period: 2 years
  • Court Link: Arizona Court
  • Surplus Fund Rules: Unclaimed funds revert to the state after 3 years.
  • Filing Procedures: Submit claim to the Colorado Department of Treasury.
  • Court Filing Practices: No formal court involvement unless contested.
  • Redemption Period: 3 years
  • Court Link: Colorado Court
  • Surplus Fund Rules: Funds must be claimed within 1 year from the sale date.
  • Filing Procedures: File with the county court clerk.
  • Court Filing Practices: Requires submission of proof of ownership.
  • Redemption Period: 1 year
  • Court Link: Georgia Court
  • Surplus Fund Rules: Funds unclaimed after 2 years are transferred to the state.
  • Filing Procedures: Submit claim to the Kansas Department of Revenue.
  • Court Filing Practices: Formal petition required for claiming funds.
  • Redemption Period: 2 years
  • Court Link: Kansas Court
  • Surplus Fund Rules: Claims must be filed within 2 years.
  • Filing Procedures: Submit petition to the Michigan Department of Treasury.
  • Court Filing Practices: Court hearings may be required.
  • Redemption Period: 2 years
  • Court Link: Michigan Court

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