Common Mistakes Homeowners Make When Recovering Surplus Funds

Recovering surplus funds can be a life-changing opportunity, but many homeowners make mistakes that delay or prevent them from claiming what’s rightfully theirs. Here are the most common mistakes and how to avoid them.

Key Takeaways

Missing claim deadlines can result in losing surplus funds permanently.
Filing incorrect or incomplete paperwork can lead to delays or claim denials.
Falling for scams or signing with unverified recovery companies can cost homeowners their rightful money.

Mistake #1: Missing the Deadline to File a Claim

Surplus funds are not available indefinitely. Many states have strict deadlines, and if a claim isn’t filed on time, the funds may be forfeited to the state or other claimants.

Unsure about deadlines in your state? Contact us today for a free consultation!

Mistake #2: Filing Incorrect or Incomplete Paperwork

Filing a surplus funds claim involves legal forms, identity verification, and supporting documents. Errors or missing information can cause rejections or significant delays.

Avoid paperwork mistakes—let our experts handle your claim for you!

Mistake #3: Assuming the Process Is Automatic

Many homeowners believe surplus funds will be sent to them automatically. In reality, you must actively research and file a claim to recover funds.

Mistake #4: Falling for Surplus Funds Scams

Unfortunately, scammers prey on homeowners by promising fast money and charging upfront fees. Work only with verified, reputable surplus funds recovery professionals.

Mr. Ziolkowski was facing foreclosure for two of his homes, here is a copy of the check stub on one of them in Longview, Washington. With the equity from both houses, he was able to invest in his family’s future living situation.

Protect yourself from scams—reach out to our team for trusted guidance!

Mistake #5: Not Seeking Professional Assistance

Surplus funds recovery can be legally complex, especially when multiple claimants are involved. Professionals can streamline the process, ensuring maximum payout with minimal hassle.