Foreclosure Surplus Funds: The Legal Process Behind Claiming What’s Yours

When a home is sold at a foreclosure auction, it often brings in more than the amount owed on the mortgage. The leftover funds — known as surplus funds — are held by the court until claimed by the rightful party. But the claim process involves legal filings, proof of ownership or heirship, and strict timelines. Understanding how to initiate the claim is essential for recovering this often-overlooked financial resource.