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Surplus Funds

Foreclosure Surplus Funds Recovery

Dealing with a foreclosure can be extremely stressful and overwhelming. However, even if your home is sold at a foreclosure sale, we have the expertise to help you recover a significant sum of money to assist with moving expenses, securing a new place, and getting back on your feet.

In fact, you may be entitled to tens or even hundreds of thousands of dollars due to surplus funds that legally belong to you. We empathize with what you are going through, and our team of national foreclosure defense lawyers is dedicated to supporting you. At ClaimsConnect, we consider every client as part of our family and are committed to always prioritizing your best interests.

What are Foreclosure Surplus Funds?

Surplus funds in foreclosure refer to the remaining money after a property is foreclosed and sold for an amount exceeding the debt owed to the lender. Upon disbursement in accordance with the final foreclosure sale judgment, the homeowner is entitled to these surplus funds by law. Many homeowners are unaware of this entitlement, often leading to losing their rights to the surplus funds as they are not properly notified.

The prevalence of surplus funds after foreclosure sales is notable in today's real estate market, where properties often retain equity post-foreclosure. This lack of awareness and proper notification has resulted in homeowners losing their entitlement to these surplus funds, allowing the profits to revert to the lender or state.

ClaimsConnect comprises proficient consumer advocates who have effectively guided numerous individuals in resolving debt and foreclosure issues, facilitating their financial recovery, and providing peace of mind. Due to the potential complexities of the process, engaging a qualified representative is crucial when pursuing surplus funds post-foreclosure, particularly in cases involving multiple lenders and disputes.

Disputes commonly arise in surplus funds recovery, especially when other lienholders claim rights to these funds. With a proven track record in surplus funds recovery nationwide, ClaimsConnect has extensive experience handling such cases, ensuring the effective and lawful recovery of surplus funds for eligible individuals.

Common Steps to Claim Surplus Funds

  • Verification of surplus funds
  • Provision of documentation demonstrating ownership and entitlement to the funds
  • Engagement with and potential negotiation with one or more financial institutions, mortgage holders, or trustees
  • Possible challenge of subsequent or subordinate lienholder claims
  • Submission of a claim for surplus funds
  • Filing of court motions
  • Attendance of court hearings

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Due Diligence

Dealing with third parties and unscrupulous law firms

Please be cautious when considering hiring third-party surplus recovery companies, as they may pressure you into signing over your rights to them.  Once they retain the rights to your surplus funds, they can hold you hostage or even disappear completely with the money they recover. It's important to see the red flags and know that they are exploiting unwitting homeowners by convincing them to sign away all their rights to surplus recovery. If you have never spoken to the person in charge or don't get your questions answered it is usually a scam.

Our vetted and licensed network of attorneys is bound by the moral and ethical rules established by the Supreme Court. We will never request you to sign over your rights, and we only receive payment if we successfully recover funds on your behalf. Moreover, our contingency fees are significantly lower than what third-party surplus recovery companies typically charge.

Contact our team specializing in Foreclosure Surplus Funds Recovery for a Free Consultation

Are you aware that you could be entitled to thousands, tens of thousands, or even hundreds of thousands of dollars in surplus funds? Many individuals miss out on claiming these funds due to a lack of knowledge or by trusting banks,  lien holders, or trustees to act in their best interests, which often isn't the case. The process of recovering surplus funds can be complex, and many homeowners end up making mistakes that lead to the loss of these funds.

It's imperative to have skilled legal representation to secure the surplus funds you're owed. At ClaimsConnect, we've recovered millions of dollars in surplus funds for clients nationwide. There are no upfront fees – we only get paid if we recover money on your behalf. Our team of licensed attorneys will handle the entire process for you, ensuring a hassle-free full recovery.

Call us now at 1-888-787-7575 for a free consultation and claim the surplus funds you are entitled to.

Get Started Today

Our friendly team is here to guide you every step of the way, making sure you feel secure and informed.