What does an attorney do for surplus funds?

In fact, our attorney’s job is to ensure that our client receives the funds deserved under the law. In some cases, our real estate attorney can even help prevent or even stop eviction while making a claim for surplus funds recovery.

Can a surplus recovery agent collect from a foreclosure?

Homeowners should be aware of any false claims that the homeowner has limited or no rights to the surplus funds, and there is no requirement by law for a surplus recovery agent to recover funds. Surplus fund fraud does occur and it is the right of the homeowner to collect from the foreclosure trustee in a timely manner.

Can a sale trustee deposit surplus funds after the sale?

All Sale trustees are required, by law, to deposit excess funds from the sale into the hands of the prior owner. However, this does not always happen. A real estate attorney can assist property owners in retrieving these funds even after the sale occurs.

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Are there any recovery agents for surplus funds?

The legal process can be very technical and time-consuming, but the surplus fund recovery attorneys at Consumer Action Law Group help homeowners by making sure that your money ends up in your hands. Prior owners can count on our real estate attorneys to fully explain the process and move the process forward and avoid surplus recovery agent fraud.

How to make a claim for surplus funds?

To start a claim for your surplus funds, you will need to gather all important documents and start the claim process. To make a request for your excess funds, in most cases, you need to file your claim with a copy of the deed of your prior property, a copy of your Social Security Card, and also a copy of your state-issued ID.

How are surplus funds claimed in a foreclosure?

Surplus Funds can be claimed by the foreclosed homeowner when excess funds/proceeds are left over after the sale of the property. Any foreclosure resulting in Surplus funds requires those funds to be deposited with the court, and it is the homeowner’s responsibility to claim the equity remaining from the surplus.