When going through a foreclosure auction, it is important to know what surplus recovery agents do and how they help recover excess equity after the property has been sold. Surplus Funds can be claimed by the foreclosed homeowner when excess funds/proceeds are left over after the sale of the property. Any foreclosure resulting in Surplus funds requires those funds to be deposited with the court, and it is the homeowner's responsibility to claim the equity remaining from the surplus. It's best to … [Read more...] about Surplus Recovery Agents for Foreclosure Surplus Funds
Surplus Funds After Foreclosure
Los Angeles, CA - May 8, 2019; Consumer Action Law Group helps homeowners to recover surplus funds after foreclosure. When a house is sold in a foreclosure sale, the owners of the house are legally entitled to receive all surplus fund leftover after the sale. The surplus money is calculated by subtracting the amount of loan outstanding at the time of sale from the amount of the selling price. Many times, homeowners are not aware that they are entitled to receive money back after a … [Read more...] about Foreclosure Surplus Funds Attorneys Recover Money for Distressed Homeowners
You are entitled to recover any surplus funds that result from the foreclosure sale of your home (CIVIL CODE SECTION 2945-2945.11). What does Surplus Funds Mean? Surplus funds arise from the difference between the sale amount of a home in a foreclosure sale and the mortgage on the house at the time of the sale. It is crucial for homeowners to collect all funds that are eligible for from the foreclosure sale so they can provide financial help for the next steps in their lives. During a … [Read more...] about Surplus Funds from Foreclosure Sales are Yours
Recently, real estate property prices have been rising rapidly in the USA. This means that sometimes there is good news for those homeowners facing eviction after foreclosure sale. Many homeowners do not know that they can recoup any equity in their property after foreclosure eviction proceedings. After a prior owner loses a property in foreclosure, if the house sold for more than what was owed, any amount left over must be returned to them. With values rising, it has once again become common … [Read more...] about Real Estate Attorneys Help With Foreclosure Surplus
Foreclosure is never a good thing, but as the housing market improves, many people are surprised to find out that they have the right to receive excess funds after foreclosure. Prior owners are entitled to receive any equity that remains after a foreclosure sale. Foreclosure Trustees are required to deposit any surplus funds with the court. Making claims and waiting for the check can be a time-consuming and confusing process. A foreclosure or real estate lawyer can recover the excess amount … [Read more...] about Excess Funds After Foreclosure – Where Do They Go?
What Happens After Foreclosure in California? Foreclosure is quite common in California, but not many people know that they are entitled to receive surplus funds if any equity remains after the trustee sale. Under California foreclosure law, any sale funds that exceed the balance of the loan, and the associated fees, must be returned to the prior owner. Surplus Funds after Foreclosure Is Not Always Evident The sale trustee is required to tell prior owners about any surplus resulting … [Read more...] about Information for Claiming Surplus Funds after Foreclosure Sale