What is Surplus Funds?

Sometimes, a property in the final stage of foreclosure sells at the foreclosure sale for more than the borrower owes on the mortgage loan.

If the purchase price at the foreclosure sale exceeds the borrower's loan balance, this extra amount is called your "surplus funds." This amount consists of the remaining balance after paying off the mortgage debt, fees, and foreclosure-related costs.

After a foreclosure, any surplus funds are distributed to lienholders and then to the foreclosed homeowner when taking the proper steps in claiming funds.

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How Much Time Do I Get to Claim My Surplus Funds?

After speaking with one of our specialists, we then can determine your situation and go from there on the proper proceedings needed to claim your funds. Also, keep in mind- depending on the state will determine the speed of your case.

What Happens If I Don't Claim My Surplus Funds?

Usually, unclaimed surplus funds go to the state's unclaimed property division.
Don't you worry! This is where we step in and do the heavy lifting for you.

During this process we have a 100% line of transparency so that you aren't left in the dark and are always in the loop of our exact steps of operation to get you closer to the goal at hand.

How Long Will It Take to Receive Surplus Funds?

Everyone's situation is unique so be mindful that these things don't just happen overnight or in a span of days. Generally, surplus funds are distributed in 1 to 5 months. But it could take more or less time, depending on the circumstances.