Heirs Often Overlooked in Foreclosure Cases, Losing Out on Thousands in Surplus Funds

Legal analysts are raising concerns over a growing number of foreclosure cases in which heirs to an estate are unaware they’re entitled to financial proceeds following a home auction. These surplus funds, left over after the mortgage and court costs are paid, often go unclaimed—eventually being absorbed by state agencies. Probate attorneys and estate planners emphasize the importance of staying informed about property status and legal timelines following a family member’s death.