What are Surplus Funds?

Surplus funds, also known as excess proceeds or overages, are funds remaining after the sale of a foreclosed property that exceed the amount owed to the foreclosing party and other lien holders.

How do I know if I am entitled to Surplus Funds?

If your property was foreclosed upon and sold at auction, you may be entitled to surplus funds if the sale proceeds exceed the amount owed to the foreclosing party and other lien holders. Our team can help you determine eligibility.

How long does the Surplus Funds recovery process take?

The timeline for surplus funds recovery can vary depending on various factors, including the complexity of the case and the efficiency of the disbursement process. It could take anywhere from 2 to 6 months depending on the complexity of the claim. Our team will work diligently to expedite the process and keep you informed every step of the way.

Do I need a lawyer to claim Surplus Funds?

While it is not required to have a lawyer to claim surplus funds, having legal representation can be beneficial in navigating the complexities of the process and maximizing your recovery. We have our legal team at your service to assist you in this regard.

What are the fees for Surplus Funds recovery services?

Our fees are contingent upon successful recovery of funds. This means that you only pay if we are successful in securing Surplus Funds on your behalf. We’ll discuss our fee structure with you upfront and ensure full transparency throughout the process.