Many homeowners are unaware that they are entitled to foreclosure refunds from their property after a foreclosure auction has taken place. Foreclosure overage occurs when a property that was foreclosed on is sold by a lender or government agency at an auction for more than what was owed from unpaid property taxes or mortgage loans. By law, this amount should be awarded to the prior most recent owner of the property.
The government agency attempts to notify the previous owner of the property regarding the funds after the sale is complete. However, if the person has moved due to the foreclosure or relocated to a different state, they often are unaware of the remaining surplus funds.
Our team audits hundreds of government agencies throughout the country to find these funds that are owed to previous owners. We then attempt to contact the previous owners offering our services to help them recover these funds by researching, filling a claim, and working with the government agencies on the previous owners behalf.
We are experts in State and Governmental unclaimed funds working to help individuals recover overages. We help homeowners recover overage (surplus funds) after a foreclosure auction. Millions of dollars in excess funds are left unclaimed due to lack of information. Working with our dedicated team allows you to navigate the complicated process of foreclosure refund recovery by relying on our knowledge and experience to ensure your receive the maximum refund award in a timely manner.
Foreclosure rules vary by state and county, but if your house ended up being auctioned, there’s the possibility that the winning bidder paid more than the amount of debt you owed to the bank. In that case and in most states, any surplus then would go to the former owner,
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