How to Know if You Are Eligible for Surplus Funds Recovery

Many homeowners are unaware that they may qualify for surplus funds after a foreclosure. Understanding eligibility requirements can help you determine if you have money waiting to be claimed.

Key Takeaways

Eligibility for surplus funds depends on ownership status, liens, and local regulations.
Heirs may be eligible to claim funds if the homeowner has passed away.
Time-sensitive deadlines apply, so acting quickly is crucial.

Who Can Claim Surplus Funds?

The following individuals may be eligible to claim surplus funds:

Homeowners: If you were the owner at the time of foreclosure, you are typically the first in line to claim any surplus funds.
Heirs & Beneficiaries: If the original homeowner has passed away, legal heirs may be able to file a claim with proof of inheritance rights.
Lienholders: If a creditor had a recorded lien on the property, they may be able to claim surplus funds before the homeowner.

Not sure if you qualify? We can help—get a free eligibility review today!

Factors That Impact Eligibility

Several factors can affect whether you can successfully claim surplus funds, including:

Competing Claims: If multiple parties (heirs, creditors, etc.) file claims, the process may require legal intervention.
State-Specific Laws: Some states have different rules about how long funds are available before being forfeited.
Outstanding Debts: If the homeowner had debts or liens, creditors may be entitled to a portion of the surplus funds.

How to Check If You Have Surplus Funds Waiting

Search Public Records: Many counties list surplus funds online.
Contact the County Clerk: Call the county where your foreclosure took place.
Work with a Professional Recovery Team: We can research and handle the claim process for you.

Avoid missing out on funds that may be owed to you! Contact our team to start your claim today.

Take the Next Step

If you believe you may be entitled to surplus funds, don’t wait. The claim process can be time-sensitive, and missing deadlines may mean losing your right to recover your money.

Ms. Marchman lost her father as a child and had no idea that his home, which recently went into mortgage foreclosure, had been sold for more than the debt he left behind. At just 26, she never expected to receive a call informing her that she was entitled to the surplus funds as Mr. Marchman’s daughter. After hearing the news, she decided to trust us with navigating the legal complexities of the claim. Our team worked diligently to ensure everything was handled smoothly. The result? A life-changing check for $75,972! 💵 Moments like these are what make our work so fulfilling—turning unexpected news into new opportunities for our clients. 🌟

Visit our website or call us now to schedule a free consultation with one of our claims specialists!

By understanding surplus funds eligibility and working with experienced professionals, you can ensure you receive the money you’re entitled to. Let The Unexa Group guide you through every step of the process.