One of the most common questions homeowners ask is, “How long will it take to get my surplus funds?” The timeline depends on several factors, which we’ll break down below.
Key Takeaways
The surplus funds recovery process typically takes anywhere from a few weeks to several months.
Court processing times, competing claims, and missing documents can cause delays.
Working with a professional team can speed up the process and ensure smooth recovery.
Step 1: Identifying and Filing a Claim (1-4 Weeks)
The first step is determining if surplus funds are available and submitting a claim with the required documents. Filing errors or missing information can slow things down.
Step 2: Processing and Review (4-12 Weeks)
Once submitted, claims go through legal and administrative review. Factors that can slow down processing include:
High court caseloads
Additional documentation requests
Multiple claimants disputing ownership
Ms. Lyons, a property management professional, fell victim of foreclosure after undergoing personal hardships in her life. Thankfully, we were able to save her equity before it was too late. Now, Sharrol is in a better position financially and has regained her life.
Want to speed up the process? Let our team handle your claim professionally!