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Surplus Fund FAQs (Quick-access learning)

Surplus Fund FAQs

Surplus Fund FAQs

1. Do I qualify to claim surplus funds?
To qualify for surplus funds, you must have lost your property to foreclosure, and there must have been excess proceeds from the sale. Homeowners, heirs, or legal representatives can claim these funds.
2. Can I claim surplus funds for a relative?
Yes, you can claim surplus funds on behalf of a relative if you can prove your relationship, such as with a death certificate or will. Executors and heirs can also file claims.
3. How much does it cost to claim surplus funds?
The cost to claim surplus funds depends on whether you file on your own or use a recovery firm. Filing on your own generally costs a small fee (under $100), while recovery firms may charge 10-30% of the funds recovered.
4. What if someone else already claimed the surplus funds?
If someone else claimed the funds, you can verify the claim with the court. If you believe the claim was made in error or fraudulently, you can challenge it with legal support.

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Surplus Funds
Learn how unclaimed money after foreclosure sales can be rightfully recovered by original homeowners — and how we help make that happen.

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