Introduction
When a property is sold in a foreclosure auction, the amount recovered may exceed the debt owed. This surplus amount, often referred to as foreclosure surplus funds, is the remaining balance after the mortgage and associated fees have been settled. While many homeowners are unaware of this, they are legally entitled to claim these funds. At Perceptive Income Solution, we specialize in helping individuals recover surplus funds from foreclosures and bankruptcies.
What Are Foreclosure Surplus Funds?
Foreclosure surplus funds are the extra funds generated from the sale of a property during a foreclosure auction. Once the lender has recovered the mortgage balance and additional costs (such as interest and legal fees), any remaining amount belongs to the homeowner. Unfortunately, many people don’t know about this and fail to claim what is rightfully theirs.
Why Do Surplus Funds Exist?
Surplus funds typically arise when properties sell for more than the outstanding mortgage balance or taxes owed. In a competitive housing market, properties may attract multiple bidders, pushing the final sale price well beyond what the homeowner owes. These extra funds, by law, should be returned to the previous homeowner, but the process of claiming them can be complicated.
How Perceptive Income Solution Can Help
Navigating the legal process of claiming foreclosure surplus funds can be overwhelming. Perceptive Income Solution has a team of experienced professionals ready to help you recover these funds quickly and efficiently. Our services include:
- Identifying surplus funds owed to you after a foreclosure sale.
- Filing the necessary paperwork and handling communication with the county.
- Ensuring you receive every dollar you are entitled to.
Conclusion
Don’t let your foreclosure surplus funds go unclaimed. Contact Perceptive Income Solution today, and let our team help you reclaim what is rightfully yours. We are here to ensure you receive the money you’re owed without the stress and confusion.