Deadline-Driven: Many Surplus Fund Claims Are Lost to Time, Not Fraud

While fraud often makes headlines, legal professionals say the bigger risk with foreclosure surplus funds is inaction. Every state has deadlines for how long a claimant has to retrieve funds, and once that window closes, the money is absorbed by state agencies. Claimants are advised to act quickly, gather necessary documents, and consult with legal counsel to avoid losing their rightful money.