The Foreclosure Focus

After a foreclosure sale, if a property sells for more than the mortgage balance and court fees, the remaining amount is considered surplus funds. These funds are often held by the court...

Every year, thousands of homes are sold at foreclosure auctions for more than what the homeowner owed. That extra money — known as surplus funds — legally belongs to the former owner...

Foreclosure reform advocates are urging lawmakers to streamline surplus fund disbursement procedures across jurisdictions. With varying rules and timelines from one state to another, many former homeowners are losing out on money...

A new wave of online tools and resources are making it easier for the public to find and claim surplus funds after a foreclosure sale. These platforms aggregate court data, auction results,...

In Florida, surplus funds from foreclosure sales are held by the court if a property sells for more than what was owed. Yet, thousands of eligible former homeowners have not filed claims,...

Courts in states like Ohio, Maryland, and New Jersey are facing significant delays as foreclosure dockets swell. The uptick has led to backlogs in surplus fund disbursements and increased pressure on clerks...

New data shows a sharp increase in foreclosure filings during the first quarter of the year, with judicial states seeing some of the steepest rises. As lenders ramp up recovery efforts, legal...

Across many U.S. counties, properties sold at auction are fetching bids well above the owed mortgage balance, resulting in what are known as foreclosure surplus funds. However, many former property owners remain...

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,...