The Foreclosure Focus

As inflation and interest rates continue to squeeze household budgets, foreclosure auctions are seeing a notable increase nationwide. According to recent data, foreclosure filings have risen for the third consecutive quarter, with...

Many homeowners who have recently experienced foreclosure may still have money owed to them — and they may not even know it. Surplus funds, the excess proceeds from a foreclosure auction, are...

Time is critical in foreclosure surplus claims. In most jurisdictions, claimants must file within a specific statutory deadline, which can vary by state or county. For example: Florida: Homeowners generally have up...

Foreclosure is stressful and fast-moving. In the chaos, many homeowners don’t receive clear information about the auction results or what they may be owed. Common reasons people miss out on surplus funds...

If a foreclosed property was owned by someone who passed away, any surplus funds belong to their estate. In that case, surviving heirs may still recover the money, but the process is...

It’s possible to file a surplus claim without an attorney, especially in simple cases. However, many choose to work with legal professionals for these reasons: The process involves motions and legal notices...

As foreclosure rates trend upward, so too does the amount of unclaimed surplus funds sitting in court registries. This often-overlooked outcome of foreclosure sales presents a growing issue in housing and estate...

Surplus funds don’t always go straight to the homeowner. If the foreclosed property had other debts or liens—such as: Second mortgages Judgments HOA dues Unpaid property taxes —those lienholders may be entitled...

When a home sells at a foreclosure auction, the winning bid doesn’t always match the loan amount. If the home sells for more than what was owed—including legal fees and court costs—the...