Foreclosure is stressful and fast-moving. In the chaos, many homeowners don’t receive clear information about the auction results or what they may be owed.
Common reasons people miss out on surplus funds include:
- No notification from the court or lender
- Relocation after losing the property
- Belief that they owe money instead of being owed
- Inheritance complications if the homeowner passed away
These gaps in awareness are why so much money goes unclaimed every year.
