Despite the fact that surplus funds belong to the former homeowner or heirs, over 80% of these funds are never claimed. Lack of awareness, confusing...
Facing foreclosure is difficult, but many people are unaware that it can still end with a financial benefit. If a property sells for more than...
When a deceased person’s home is foreclosed, any leftover proceeds from the auction — surplus funds — may legally pass to their heirs. However, if...
Too often, homeowners believe that receiving surplus funds after a foreclosure is a courtesy from the court. In fact, it is a legal right protected...
In real estate, surplus funds from foreclosures represent an often-overlooked financial asset. These funds, created when auction prices exceed debt, can provide significant relief to...
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...
Contrary to popular belief, banks are only entitled to what they’re owed in a foreclosure sale. If a property sells for more than the outstanding...
When foreclosure auctions result in high bids, the extra money doesn’t go to the bank — it goes to the homeowner. But in many cases,...
If your home was sold in a foreclosure auction, you could be entitled to surplus funds — the amount left over after all debts are...
Foreclosure is usually viewed as a loss — but for many, it could be the opposite. Surplus funds, the money left over after the auction...
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