Sometimes there is money left over from the payments towards the mortgage after foreclosure sales. Many people do not know that they can receive surplus property funds after their property is sold in a foreclosure auction. Whenever a property is sold in foreclosure due to an unpaid mortgage loan, the lender is required to return […]
surplus funds
Recovering Foreclosure Funds – How to Claim Surplus Funds
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 […]
What Happens to Your Equity after Foreclosure
With the recent increase in housing prices, we are seeing more homeowners with equity being foreclosed than ever before. In some cases, the homeowner has $150,000 or more in equity on the mortgage at the time of foreclosure. If the property sells at the foreclosure auction to a third-party bidder for more than the balance […]
