What Are Surplus Proceeds?
When a foreclosed property is sold for more than the amounts owed and applicable costs, additional proceeds may sometimes remain. Whether any funds are available depends on the sale and jurisdiction.
Who May Be Eligible?
Eligibility depends on the state and county, the foreclosure process, junior liens, court orders, ownership interests, and other facts. Not every case will qualify.
Time Limits
Deadlines vary by jurisdiction and type of foreclosure. Act promptly to identify the applicable process and verify deadlines with the responsible court, title company, or attorney.
How We Can Help
The Foundation can provide general information, help you identify places to research potential funds, and connect you with qualified resources or attorneys.
Protect Yourself
Be cautious of unsolicited offers and large percentage-based fees. Verify credentials, understand every agreement before signing, and consider consulting a licensed professional.