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
foreclosure surplus funds
Information for Claiming Surplus Funds after Foreclosure Sale
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
Consumer Action Law Group Launches Legal Service for Homeowners to Claim Surplus Funds from Foreclosure
Very few people are aware of the fact that they can claim surplus money after foreclosure. Consumer Action Law Group is now offering its services, helping people to claim foreclosure surplus funds after a foreclosure auction. California, August 28, 2014 – There are many people who have to face foreclosure, unfortunately. But they don't know that the foreclosure auction of their property can bring them a huge sum of money. If the money raised through the auction is greater than the mortgage … [Read more...] about Consumer Action Law Group Launches Legal Service for Homeowners to Claim Surplus Funds from Foreclosure