The Foreclosure Focus

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...

If your home was sold in a foreclosure auction, you could be entitled to surplus funds — the amount left over after all debts are paid. Unfortunately, courts don’t always notify homeowners...

Foreclosure is usually viewed as a loss — but for many, it could be the opposite. Surplus funds, the money left over after the auction satisfies the mortgage and costs, can amount...

Foreclosure doesn't always mean a financial loss. In many cases, properties are auctioned for more than the debt, leaving extra funds. These surplus proceeds are available to the former homeowner — but...

When homes are sold at auction due to foreclosure, the final bid often exceeds what’s owed on the mortgage. That difference — known as surplus funds — is placed in the court...

Surplus funds are the best-kept secret of foreclosure auctions. When a property sells for more than the debt owed, the former homeowner is often entitled to the difference — but very few...

Many people assume losing a home to foreclosure means losing everything. But in reality, if the property sells at auction for more than what's owed, the excess amount — called surplus funds...