FAQ

1. What are surplus funds?
Surplus funds, also called overage funds or excess proceeds, are the leftover money from the sale of a foreclosed property. After the mortgage and foreclosure costs are paid, any remaining funds legally belong to the former homeowner.

2. Am I eligible to claim surplus funds?
If your property was foreclosed and the sale generated funds exceeding what you owed on your mortgage, you may be eligible. Eligibility rules vary by state and county.

3. How much money can I get?
The amount depends on the sale price of your home and the total debts owed. Some homeowners recover a few thousand dollars, while others may be entitled to tens of thousands.

4. How do I claim my surplus funds?
You typically need to file a claim with the county or state where your property was foreclosed. Our team can guide you through the paperwork and process.

5. Do I need a lawyer to claim my funds?
Not necessarily. While you can work with an attorney, surplus funds companies like ours help navigate the process and ensure your claim is properly submitted.

6. How long does it take to receive the funds?
Processing times vary by state and county. Some claims can take a few weeks, while others may take several months. We work to expedite the process as much as possible.

7. Are there any fees to claim my funds?
Legitimate surplus funds companies charge a reasonable, transparent fee only after you successfully receive your funds. Be wary of anyone asking for large upfront payments.

8. Can someone else claim my funds without me?
No. Only the rightful former homeowner or their authorized representative can claim the surplus funds. We help ensure your claim is secure and properly filed.

9. What if I don’t know my foreclosure details?
Even if you don’t have all the paperwork, we can help track down your records with the county and verify if surplus funds are available.

10. How do I get started?
Reach out to us for a free consultation. We’ll review your situation, verify your eligibility, and guide you step by step toward claiming your funds.