Do you need help claiming Surplus Funds? We can help you recover surplus funds if this happens to you: Your home was sold in foreclosure for more than what you owed the lender You had equity in your home before it was sold by the lender You received a letter from the foreclosure trustee notifying you about surplus funds Many people think that foreclosure is the end of a lost battle and they don't know what happens after foreclosure. If you are someone who lost your home due to … [Read more...] about Recovering Foreclosure Funds – How to Claim Surplus Funds
Surplus Funds After Foreclosure
Recover Surplus Funds from a Foreclosure Sale
If your home was sold by the trustee in a foreclosure auction for more money than you owed on the balance of the loan, you are entitled to the difference (CIVIL CODE SECTION 2945-2945.11). For example, if you owed $500,000 on your mortgage at the time of the trustee sale date, and the home sold at auction for $750,000, you would be entitled to the excess or surplus funds of $250,000. Call us if this happened to you: Your home was sold in foreclosure for more than the loan balance owed … [Read more...] about Recover Surplus Funds from a Foreclosure Sale