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When a home sells at a foreclosure auction, the proceeds first pay off the outstanding mortgage balance, recorded liens, court-related fees, and any other debts attached to the property. If the sale price comes in higher than that total, the difference is called surplus funds. That money belongs to the former homeowner by law.
The issue is practical, not legal. State agencies hold these funds but rarely make an effort to track down the person they belong to. Most notifications go to the address of the foreclosed property -- the one the person no longer lives at. Years can pass without anyone claiming the money.
We built our entire operation around solving that specific problem. We find the funds, verify your claim, and handle every piece of paperwork required to get that money back to you. The whole thing runs on contingency -- you pay nothing unless we recover.
Every case we work follows the same five-step path. Here is what each stage actually involves and what you can expect from our team throughout.
Getting started costs nothing and takes about five minutes. We ask for three pieces of information: the address of the property that went through foreclosure, the name as it was listed on the original deed, and a rough timeframe for when the sale occurred. That is all we need to begin searching.
Our team then checks state property auction records and administrative databases to determine whether surplus funds exist and, if so, how much. We report back within one to two business days in most cases. If we come back empty, the case is closed and you owe us nothing.
A positive assessment tells us funds likely exist. Verification confirms the details. We pull the official records, nail down the exact dollar amount being held by the state, and confirm that you are the rightful party to claim those funds.
We also look for anything that could complicate the claim -- secondary liens, competing claimants, or ownership transfer issues that need to be resolved before filing. Better to find these early than to run into them mid-process. If something disqualifies the claim, we tell you straight and close the case at no charge.
This is where most people get stuck when they try to go it alone. The paperwork requirements vary significantly from state to state. Some require notarized affidavits, others need certified copies of the original deed or death certificates if the former owner has passed. Some states require court petitions while others use straightforward administrative forms.
We handle all of it. We know what each state requires and we build your claim package accordingly. When we need something from you -- a signature, a form of ID, a signed authorization -- we tell you exactly what it is and why it is needed. Nothing gets submitted until you have reviewed and approved what is going out under your name.
We submit the completed claim package through the correct channels -- the state court clerk's office, the relevant administrative agency, or both, depending on your state's process. Submission is not the end of our involvement. It is the beginning of a follow-up phase that can last weeks or months.
State offices sometimes request additional documentation, send back forms with technical errors, or simply sit on claims longer than expected. We track the status of every open case and respond to any correspondence from state offices promptly. You receive updates as things move. If we hit a snag, we deal with it.
After the state approves the claim, they release the funds. Where those funds go depends on the state -- some issue checks to the claimant, others wire directly to a designated account. We walk you through the disbursement options available in your case and make sure the money arrives correctly.
Our contingency fee comes out of the recovered amount at this stage. The full accounting is provided so you can see exactly what was recovered and what was deducted. After that, the money is yours with no strings attached. How you use it is entirely up to you.
The exact timeline depends on the state and how backed up the relevant office is. Below is a realistic breakdown of how a typical case moves through the process.
Answer: In most states, surplus fund recovery is an administrative process and does not require you to hire legal counsel. We manage the filings directly. If a case involves a contested ownership dispute or litigation, we will tell you and help you understand your options.
Answer: Possibly. States hold surplus funds for varying periods of time before transferring them to unclaimed property programs. Some hold funds for a decade or more. The first thing we do is check whether the claim window is still open for your specific case. Do not assume time has run out before letting us look.
Answer: When multiple parties have potential claims -- such as second mortgage holders or judgment creditors -- state priority rules determine how the surplus is distributed. We identify competing claims during our verification phase and explain exactly how they affect your recoverable amount before we file anything.
Answer: No. We file claims in all 50 states and handle the entire process remotely. Your current location has no bearing on eligibility. You will not need to travel or appear in person at any point.
Answer: Heirs and estate representatives can often claim surplus funds on behalf of a deceased former homeowner. The documentation requirements are more involved in these cases -- typically including a death certificate, probate documents, or an affidavit of heirship. We handle these cases regularly.
Answer: Disbursement methods vary by state. Some issue paper checks to the claimant. Others allow for direct deposit or wire transfer. We explain the options available in your state before the claim is finalized so there are no surprises at the end.
The initial assessment is free and takes less than 48 hours. Tell us about your property and we handle everything from there.
