Introduction
If your property has been sold at a foreclosure auction, you may still be entitled to surplus funds — the money left over after the mortgage debt is paid. Unfortunately, most homeowners never see this money because they don’t know the process. This guide walks you through the steps to claim your surplus funds.
Step 1: Verify If Surplus Exists
- Check the auction sale price versus the debt owed.
- Contact the court or county clerk’s office to see if funds remain.
Step 2: Confirm Eligibility
- Surplus funds usually go to the property owner at the time of foreclosure.
- In some states, heirs or other lienholders may also be entitled.
Step 3: File the Right Paperwork
- Each county has forms to request release of funds.
- You may need supporting documents like proof of ownership, ID, or a court order.
Step 4: Be Aware of Deadlines
- Some states give you months, others years. Miss it, and the money reverts to the state.
Step 5: Partner With Professionals
- Attorneys and recovery experts simplify the process.
- At Surplus Funds Secrets, we train entrepreneurs to navigate these filings and help families reclaim what’s rightfully theirs.
Conclusion
The process may sound complex, but with the right knowledge and support, claiming surplus funds is achievable. Don’t leave money on the table.
👉 Grab our free checklist to guide you through your first surplus recovery.Step-by-Step Guide: How to Claim Surplus Funds After a Foreclosure