Surplus Funds Recovery
For homeowners whose property is sold at foreclosure auction.
What Are Surplus Funds?
When the auction bid exceeds the total debt owed, the homeowner is entitled to the leftover funds.
Typical surplus ranges:
- $10,000–$80,000 in many cases
- In hot markets, $100k+ isn’t unusual
Why You Should Work With a Surplus Funds Attorney
Because:
- Court filings are technical
- Lienholders often fight for your funds
- Deadlines are strict
- Most DIY petitions are denied
- Attorneys maximize your payout and protect you
Fraud Warnings: Protect Your Money
Homeowners should remain alert to common foreclosure-related scams that can put their money and property at risk. These often include companies pretending to be from the court, promises like “we’ll get your money today,” requests to sign over your rights through suspicious assignments, demands for upfront payments, and attempts to steal personal or financial information.
Working only with verified professionals helps protect you from fraud during an already vulnerable time.
How Surplus Recovery Works
The surplus recovery process begins with a detailed case review to confirm eligibility and determine the exact surplus amount available. An attorney then files a formal petition with the court, which reviews the claim and addresses any competing claims that may arise.