Excess Funds

Questions & Answers

What are Excess Proceeds?

When a property is sold at a foreclosure auction, trustee’s sale, or sheriff’s sale, any amount paid by the winning bidder that exceeds the outstanding mortgage balance, judgment, and associated expenses is referred to as excess proceeds.

Simplified Example: If a property with an outstanding mortgage balance of $100,000 is sold at a trustee’s sale for $125,000, the $25,000 difference may qualify as excess proceeds. However, the exact amount depends on various factors, including loan position, liens, judgments, and expenses.

Understanding the complexities of excess proceeds from sheriff’s sales can be challenging, which is why it’s best to speak directly with our experienced team. Contact us today to learn more about reclaiming excess proceeds from a foreclosure sale.

We are not a law firm. However, our team is made up of experienced real estate attorneys, foreclosure specialists, and industry experts dedicated to helping you recover excess proceeds from a foreclosure sale. With a wealth of knowledge and expertise, we are here to guide you through the process efficiently and effectively.

The typical process for recovering excess proceeds can take anywhere from 6 to 12 months from the initial claim to final payment.

If you need access to your funds sooner, we offer advanced funding options and assignments for qualifying excess proceeds cases. Contact us to learn how we can help expedite access to the money you’re entitled to.

Recovering excess proceeds can be a challenging and time-consuming process. It’s not as simple as walking into a government office, presenting your ID, and receiving a check on the spot.

That’s why working with a specialized firm like ours can make all the difference. We manage the entire excess proceeds claim process for you, including handling paperwork, meeting filing deadlines, conducting title searches, and navigating the complexities and potential pitfalls. Let our expertise simplify the process and ensure you recover the funds you’re entitled to.

If your property sold at a foreclosure auction for more than your mortgage balances, you might be entitled to the money. While you may be able to visit the government agency website in your jurisdiction to explore this, the process often requires more than just submitting a simple request.
 

We can determine whether excess proceeds are available in your case if you provide us with certain information about your foreclosure. Claiming excess proceeds can involve fees, such as filing costs or legal expenses, depending on the complexity of the case. Contact us directly to discuss your situation and learn more about recovering your funds.

Our fees for recovering excess proceeds vary depending on the state and the specifics of each case.
 

We’re happy to provide a detailed explanation of our fee structure and any additional expenses typically associated with an excess proceeds claim. Please don’t hesitate to contact us directly to discuss your situation and how we can assist you in reclaiming your funds.