The Foreclosure Focus

Even after losing a home to foreclosure, there may be a silver lining: surplus funds. These funds are the remaining balance after a foreclosure sale, and they legally belong to the previous...

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 court systems, and legal red tape all...

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 the debt owed, surplus funds remain and...

When a deceased person’s home is foreclosed, any leftover proceeds from the auction — surplus funds — may legally pass to their heirs. However, if no one steps forward, these funds can...

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 by statute. Former owners — and their...

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 former homeowners. Financial advocates suggest reviewing foreclosure...

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...

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 balance, the surplus funds are legally owed...

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, former owners never see a dime. Known...